I think the best place for the new arena for all parties concerned is the current site of the Big Four building. This is certainly where the Flames have been pushing to build it.
I'd say the new arena is at least six years away from opening up to the public. Just look at the funding issues involved in getting a new arena in Edmonton. The Flames will be looking for a sweetheart deal from the City and the Stampede, and those issues will take years to iron out before a single shovel is put into the ground.
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