The CSEC and City of Calgary had a deal pre-covid in which the flames were responsible for 100% of cost overruns. Before construction started, covid hit. And then cost overruns we're going to be 20%-40%. Which is valued at close to $100m-$200m of additional costs for the flames.
People who think the deal died over some solar panels are missing the obvious.
The new deal is going to be split exactly like the old deal, but will reflect the new higher, post-covid cost. And the flames will accept some $10m-$20m in clown climate items to make the deal more palatable from a political perspective.
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