The City of Calgary and the ownership group behind the Calgary Flames have agreed to a proposed deal that would see the two organizations split the cost of a $550-million new arena equally.
The tentative deal comes as the city plans to cut $60 million from its operating budget, and is reviewing different service reductions that could be done going forward.
More than 100 protesters rallied at city hall Monday morning to urge council to reconsider cuts that would impact low-income Calgarians, but the group wasn't allowed to speak.
Those cuts would come from a different part of the budget than the money that would be used for a new arena, and property taxes won't be increased.
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