Calgary passes flawed arena deal to the dismay of taxpayers
Calgary city council voted to approve the new arena deal with the Flames 11-4 on Tuesday afternoon. The approval was done after a week of consultations which showed an even split among Calgarians on the project. According to Think HQ, the yes and no side both had 47% support.
This deal requires Calgary taxpayers to flip half the bill for the new arena to the tune of $275 million over a building period from 2021-2024. The decision comes right after Calgary had to cut the city budget by $60 million in order to ease the pressure on home and business owners struggling to pay property taxes.