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The company that owns the Flames and Stampeders has acknowledged it’s open to considering an alternative for its proposed hybrid arena-stadium-field house complex known as CalgaryNEXT.

The Calgary Sports and Entertainment Corp. has “accepted an offer from the City to examine a Plan B,” according to a letter to season ticket holders signed by Ken King, CEO of the ownership group.

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The substitute plan would see an arena and event centre located on the Stampede grounds, a separate field house in the northwest near the University of Calgary and some renovation to McMahon Stadium.

The initial $890-million CalgaryNEXT proposal unveiled last summer spanned several blocks near the Bow River and envisioned replacing the aging Scotiabank Saddledome and McMahon Stadium with a new hockey arena, covered football stadium and multi-sport field house in the West Village.

“While we question the logic of building separate structures and a temporary solution for McMahon, we are encouraged that the city is taking the need for new sports infrastructure seriously. We enter this process with an open mind but also a strong belief that CalgaryNEXT is the most logical solution that will benefit all Calgarians,” states the letter.