The Calgary Flames have withdrawn from their new arena plans!

The mayor of Calgary Jyoti Gondek announced via her Twitter on Tuesday night that the Flames intend to withdraw from a major arena project. The plan was announced in 2019.

«The City came to the table to assist with $6.4m in roadways leaving $9.7m for the Flames. Based on this gap, CSEC informed me they are walking away from our deal,» the mayor wrote on Twitter. «On a project worth over $650m, to have one party walk away for 1.5% of the value of the deal is staggering.»

Credit: HF

MUST READ

2 hours ago  |  By Chris Gerics Toronto Maple Leafs Make Breaking Announcement on Mitch Marner's Status

3 hours ago  |  By Chris Gerics More Details Emerge Regarding Mitch Marner's Mysterious Absence

5 hours ago  |  By Chris Gerics Maple Leafs May Have Found the Perfect Trade Partner After Devastating Injury News

7 hours ago  |  By Chris Gerics Elliotte Friedman Reveals Top-Four Defenseman Now on the Trade Block

8 hours ago  |  By Chris Gerics Nashville Predators Place Player on Waivers, per Elliotte Friedman

9 hours ago  |  By Chris Gerics Toronto Maple Leafs Confirm Starting Goaltender Despite Morning Skate Concerns

9 hours ago  |  By Chris Gerics Unfortunate News Strikes Maple Leafs Regarding Mitch Marner

11 hours ago  |  By Chris Gerics Max Domi's Ideal Role with the Leafs Becoming Reality After Craig Berube's Comments

MORE STORIES