Quote:
Originally Posted by Locke
I'm pleased about a number of things concerning the Arena agreement, but one thing in particular is I believe the Flames are on the hook for any and all cost-overruns.
The City is just putting in their chunk. Thats it. You go over that and its on you.
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I think it depends on the cost overruns. There's definitely a stipulation that if there are overruns because of something one side wants then that party is on the hook for the whole thing (i.e. CSEC decides they want to change the Flames dressing room; or the city wanting different materials on the 'main photo angle' side of the building). But I believe general cost overruns (i.e. materials or labour costing more) are split between the city and CSEC.