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Press conference called for ‘important announcement’ about arena project on Tuesday afternoon

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Photo credit:Sergei Belski-USA TODAY Sports
Ryan Pike
1 month ago
Have the City of Calgary and Calgary Sports and Entertainment Corporation struck a (second) arena deal? We might find out as soon as Tuesday afternoon. Following City Council’s closed session update on the event centre negotiations, the City announced a 3:30 p.m. MT press conference for what’s being termed “an important announcement” regarding the future event centre (arena) project.
While there’s lots of chatter about the specifics, Postmedia’s Don Braid has flat-out stated that there’s a deal.
The location of the press conference – a block north of the Saddledome on the location originally ear-marked for the new building – seems to be a strong hint regarding what will be announced.
The hand-wringing about when a deal will get done may finally be over. It will likely be immediately replaced with more substantive hand-wringing over the composition of the deal structure itself.
We’ll have more on this story as it develops.

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