The Calgary Flames have reached a tentative deal with the city for a new arena, Sportsnet’s Eric Francis has confirmed.
Postmedia was first to report the agreement.
Per the Calgary Herald, city council members will discuss the agreement at Monday afternoon in a closed-door meeting.
The new arena in question would replace the Flames’ current home, the Scotiabank Saddledome, which was built in 1983.
Coun. Jeff Davison, chair of council’s event centre committee, said earlier this month that discussions “are productive but they’re not complete.”
“We can’t give an exact date as to when we’ll be back with any information (but) I’m confident if we do bring a plan back, that the public will support it,” Davison told Postmedia.
The cost of a new, 18,000-seat NHL arena is currently projected by the Calgary Municipal Land Corp to land between $550 million and $600 million.