Calgary arena project up to $60M over budget: City officials

 
CALGARY --
Construction on Calgary's new arena has yet to break ground, but the estimated budget is already up to $60 million higher than the price tag agreed upon in 2019. 
Calgary city council heard an update on the event centre project in a closed door meeting, then the budget increase was revealed in public after 10 p.m. Monday. 
"The response that we received from the general manager was that they're looking at about $50-60 million over budget right now on this project," said Ward 3 Coun. Jyoti Gondek, who is also running for mayor this fall.
The initial cost for the new home for the Calgary Flames was set at $550 million, which would be split between the city and Calgary Sports and Entertainment Corporation (CSEC). An official ask for more money from the city hasn't been made, Gondek said, and it hasn't been made public why the cost is going up. 

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