CMLC getting involved in the Stampede (whether with a Flames component or not) is fantastic news. They bring professional credibility and ability, and will hopefully drag all those geezers into the 21st century.
The idea of incorporating a CFL stadium and the Stampede grandstands is an interesting one. Im not sure if you could create a space that wouldnt be a clunky hodge-podge for everyone involved (not unlike the current CalgaryNEXT fieldhouse plan), but the location is fantastic, and it would be a much more efficient use of the grounds.
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