[Otto-matic]

https://calgaryherald.com/news/local...-for-new-arena

City council members will discuss the proposed agreement at 3:45 p.m. Monday behind closed doors, Postmedia has learned.

The city’s negotiating team includes acting city manager Glenda Cole, Barry Munro with Ernst & Young and Michael Brown with the Calgary Municipal Land Corp. (CMLC). The group has met regularly with Calgary Sport and Entertainment Corp. for the past three months.

Cole told council members previously that any deal reached with the Flames will be made public.

A new arena is projected to cost between $550 million and $600 million, according to estimates provided by CMLC. The projections are based on an 18,000-seat arena with retail space, a community rink and 40,000 square feet of underground parking.

Council will be discussing the deal on the first day of what is expected to be at least a two-day council meeting where elected officials are expected to vote on a $60-million cut to municipal budgets.