The Calgary Flames are asking for public money to build a new arena. CBC business reporter Paul Haavardsrud takes a look at what sports arenas do — and don’t — contribute to cities.
The Calgary Flames want a new arena, and while it’s not likely to be federally funded, the team’s owners are hoping for some support at the city level.
Since they know that can be a hard sell, when the plan was presented earlier this year, the head of the Flames compared the arena to something else that benefits the public good: a library.
CBC business reporter Paul Haavardsrud takes a look at what sports arenas do for their cities and finds that the economic case for new arenas has been overstated.