If you have bothered to research the issue, the Flames have offered a sizeable investment (in both proposals) for a PUBLICLY owned facility. The City owned Saddledome is nearing the end of its useful life and the City will have to replace it one way or another. Ditto for McMahon Stadium. We do not have a publicly owned field house. 

The City would get its money from a Community Revitalization Levy. Trouble is, Nenshi does not want a multi-role facility (where the CRL makes the most sense) and instead wants the new arena in the East Village (where a CRL already exists and where it doesn't make sense). He wants the Flames to pay for 1/3 of it, a ticket tax to pay 1/3, and the city to pay 1/3 (including the land). Then he wants the Flames to pay property taxes as if they OWN the building.