CALGARY (THE CANADIAN PRESS/660 NEWS) — Calgary city council has voted to approve a financial agreement with the Calgary Flames to build a new arena.

Council voted 11-4 on Tuesday to build an event centre which will be the new home of the NHL team and replace the 36-year-old Saddledome.

BREAKING: Calgary city council votes 11-4 to approve arena/event centre deal. We are getting a new arena, Calgary. #yyc #yyccc — Tom Ross (@Tommy_Slick) July 30, 2019

The city and Flames owner Calgary Sports and Entertainment announced last week a tentative agreement that would equally split the cost of a $550-million sports and entertainment centre.

Talks broke off two years ago when the arena became a fractious civic election issue.

The agreement is for 35 years, which keeps the Flames in Calgary for that term, with options to extend it.

More to come.