MissingMiddle
Active Member

Exploring how the Calgary Flames' new arena could be funded - The Win Column
Breaking down how the Calgary Flames may fund their new arena by exploring how other Canadian NHL teams have done it before.

I thought there was a disagreement over how cost overruns would be shared. Did this not become apparent after the first round of estimating? I know the project went out for preliminary tender just before CSEC and the city parted ways.The past agreement was fine. The problem was the compromise building that came out of the design process.
The owners thought they'd be better at controlling overages due to their oil sands experience so a couple things happened simultaneously (in summer) in my mind: CMLC was dropped, the City contributed more money, the City was released from commitments to share further money. Then there were minor requirements added for the DP (fall), and CSEC treated that as the city reneging on the deal, which happened right near preliminary tender and CSEC used as a face saving step to pull the plug (winter).I thought there was a disagreement over how cost overruns would be shared. Did this not become apparent after the first round of estimating? I know the project went out for preliminary tender just before CSEC and the city parted ways.
That's honesty so unfortunate man, I was just struck by hopium that the design could potentially change. Also, they also mentioned that they had other design proposals, but the one we saw was the one we were presented with.My guess is the design is pretty much final. I doubt either party wants to dump more money into the project and waste more time redesigning the arena after essentially pausing the project for a year because of monetary disagreements right before the start of construction. I have to think both CSEC and the city are at this time hoping to have a new agreement in place before the development permit expires in November (I could be wrong on that date.)