Flames co-owner Edwards not optimistic about chances of new arena

Murray Edwards (Jeff McIntosh/CP)

Calgary Flames co-owner Murray Edwards told a group at the NHL’s board of governors meeting that he isn’t optimistic about his team’s chances of getting a new arena.

The Flames are seeking a new arena with construction costs partially fronted from Calgary public funds. Calgary mayor Naheed Nenshi — who was just re-elected in October — and the City of Calgary, however, don’t want to dip into public funds to build a new home for the Flames without getting some guarantee of a return on investment. This has left both sides at an impasse.

Edwards’ comments suggests the stalemate between the Flames and the city very much remains in effect.