New arena for John the Rage (Calgary)

National Hockey League

No surprise, Calgary eventually negotiated a way to an agreement on an event centre and arena which would keep the Calgary Flames in Calgary, long term.

This provides new Calgarian, John the Rage, with a modern National Hockey League arena and events centre to attend, when he can fit it into his busy work and social schedule. Including exciting Christian singles events...

(By the way, the Rage would like to state that quote: 'Chuck needs a dome!', even though Chuck would look even more like the Red Skull, if he did as the Rage suggests.)

Canadian Press/TSN July 22

Cited

The city, the Calgary Flames and the Calgary Stampede have agreed on terms for an event centre that would become the new home for the Flames and replace the 36-year-old Saddledome. City council has yet to approve the deal, but details were unveiled at a news conference Monday evening at city hall. The estimated cost of the proposed 19,000-seat venue is $550 million.

Paying part of that $550 million should not effect your inheritance/savings/investments, too much, Rage.

The cost to build it would be split equally between the city and Calgary Sports and Entertainment, which owns the Flames, the Western Hockey League's Hitmen, CFL's Stampeders and National Lacrosse League's Roughnecks. 

Council is expected to vote on ratification next week. If the deal is approved, shovels go in the ground in 2021.

Cited

CSEC would retain all revenues generated by the event centre, but the city would get a facility fee on every ticket sold to every event for 35 years — estimated to be $155 million — receive a share of naming rights and collect any additional property tax from businesses that spring up in the area. 

The city vowed in its proposal that the new arena would not increase municipal property taxes. CSEC would also invest $75 million into local community sports organizations over 35 years.

From a Canadian perspective, Ottawa remains the only Canadian League market with significant questions in regard to a suitable long term building.