Work on new Calgary Flames arena paused due to budgetary issues
CALGARY — Work on a new arena for the National Hockey League’s Calgary Flames has been put on hold due to budgetary issues.
The Calgary Municipal Land Corporation says it made a presentation to city council at a closed-door meeting earlier this week.
Corporation president and CEO Kate Thompson says there is a difference between the current $550-million budget estimate and the program requirements for the venue, which would replace the nearly four-decade-old Saddledome.
Last summer, the corporation said it aimed to begin construction this August, with a targeted 2024 completion date.