After years of renderings and announcements, The CSEC and Mayor Jyoti Gondek have announced that the owners of the Calgary Flames have decided to pull the plug on the Calgary Event Centre due to an increase in costs.

As many of you may remember, last April the project was put on hold in an effort to renegotiate the budget, with both parties later signing off on a $608.5 million price tag – one that we thought would hold until shovels were in the ground.

Alas, it seems that things have changed, with an additional $25.5 million being added to the agreed-upon number – prompting the organization behind the team to shut things down.

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“As the City and CSEC have been unable to resolve these issues, CSEC has determined that there is no viable path to complete the Calgary Event Centre Project,” they wrote in a statement late Tuesday night. 

This actually came as quite a surprise to fans, as the centre had just received a development permit on November 19th, which was needed to move forward with their construction kick-off date next month.

“While not ideal for Calgarians nor competitively for the Flames, the people of Calgary should understand that nevertheless, CSEC’s intentions are to remain in the Scotiabank Saddledome,” they continued.

“We are deeply disappointed with the outcome.”

As always, we continue to follow this story as it develops – so keep an eye out. With all the back and forth since it was first proposed in 2019, who knows what will happen next.