There will definitely be public money going into it. The % is the real unknown. Putting it behind an Olympic bid (I can't think of a stronger city in Canada to host the next winter games really) would guarantee a large portion. If no Olympic bid, then of course it would be much smaller.
I haven't heard of this yet, and it really may not be feasible, but what about a joint-partnership with the Flames and some of the Flames' owners' respective companies? For instance, CNR dumps some money as an investment into the building, and the Flames slowly 'buy back' a portion every year? Tough to do with publicly traded companies, and it may be more feasible to look at real-estate related companies. Probably not a realistic option anyways, as I doubt it ever gets approved by respective boards, not to mention shareholders.
Either way, it will get built, and it will be $%$#% better than Edmonton's building for sure!
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