The180·The 180

Should sports arenas get public money?

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 Flames placed goalie Karri Ramo on waivers Wednesday after he started the season winless in three starts with a 4.37 goals-against average and .879 save percentage. Should he go unclaimed by noon ET on Thursday, Calgary could assign Ramo to the Stockton Heat of the American Hockey League. If he's claimed, Joni Ortio would back up Jonas Hiller in goal. (Jeff McIntosh/Canadian Press)

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. 

Click the blue button above to listen to the full interview.


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