[sureLoss]

http://calgaryherald.com/news/local-...-its-very-fair

News Update

The Calgary Flames wanted the city to pay 52 per cent of the total cost of a new $500-million to $600-million arena north of the Stampede grounds, say sources connected to city hall.

That’s sharply at variance with the city proposal, to be unveiled Friday, which called for one-third from the city, one-third from Calgary Sports and Entertainment Corp., and one-third from a ticket surcharge.

Mayor Naheed Nenshi has already indicated the Flames wanted a higher than one-third percentage from the city, without giving details.

He called the Flames’ position “eminently unreasonable,” apparently in reference to the 52 per cent.

But Flames CEO Ken King says nobody should be surprised the Flames want both parties to pay roughly equal share. “That’s basically what we proposed with CalgaryNEXT — 50-50. It’s very fair.

“So, it should come as no surprise that any model we could put forward in Victoria Park is similar to the one put forward in CalgaryNEXT.”

CalgaryNEXT was the grand multi-facility proposal for the west end, no longer in negotiation but still technically on the table.

King also says the city’s proposal — one-third each from the Flames, the city and a ticket surcharge — “means that we actually pay three-thirds. Calgary Sports and Entertainment would ultimately pay the whole thing.”

He says the city wants to be repaid its share of the cash and also capture the ticket surcharge revenue.