Calgary Flames President and CEO Ken King told media today that the organization is “no longer pursuing a new facility” in Calgary (audio link). King stated that the city and the organization have reached an impasse and that the organization sees no point in continuing talks. The Flames currently play out of the Scotiabank Saddledome which was built in 1983. It remains the second oldest arena in the NHL after Madison Square Garden, but the Garden received a recent billion dollar renovation.

The roadblock between the City and the Flames seems to center on public funding. King would not get into specifics, but he sighted differences in opinion on contributions as the main impediment. It is reasonable to assume—given the proclivity of public stadium financing—that the Flames want the city of Calgary to provide some sort of substantial funding and a specific location. Calgary’s mayor, however, has repeatedly indicated that he will do what’s best for the city.