City, province expected to provide update on Calgary Flames arena deal this afternoon

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City, province expected to provide update on Calgary Flames arena deal this afternoon
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CALGARY — A $1.2-billion deal to replace Calgary's aging Saddledome with a new National Hockey League arena could be finalized as early as this afternoon. The City of Calgary, Alberta government, Calgary Sports and Entertainment Corp.

CALGARY — A $1.2-billion deal to replace Calgary's aging Saddledome with a new National Hockey League arena could be finalized as early as this afternoon.

The price tag for the event centre project includes $800 million for the new arena in addition to parking, transit improvements, a new community rink and an enclosed plaza in the area. A city official has previously said that the agreement would come with a 35-year lease that includes a commitment from the owners of the Calgary Flames to stay in the city.

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