It’s no secret that the city’s financial markets have been in a tailspin for a few years now.
The Calgary Stampeders have not won a game in their last two seasons and they are in a contract dispute with the NFL that could drag the franchise into bankruptcy.
In the meantime, investors in the city have been getting a bit antsy.
The Stampedes are owned by the Canadian Football League, which has recently made the jump to a broadcast-only format.
That means that if a team wants to relocate to a new market, it can now have a lease with a team to stay.
But that lease is not going to last forever.
A recent investment class listing shows that the Stampedres interest in Calgary is not as lucrative as they once thought.
The Calgary Stamps are currently in negotiations with the Calgary Football Club for a new home, and the league has a number of options to offer.
They could sign a franchise for an undisclosed amount of money and relocate to Calgary, but the Stamps would need to find a new stadium.
Instead, they could consider moving to the city of Edmonton.
Edmonton’s stadium proposal, which was proposed by the Edmonton Oilers, has the backing of the Alberta government and has been the subject of a number attempts at relocating it to the north.
But Edmonton has yet to make a decision on whether to accept the Stampres bid.
That would be a major loss for the city, as the city is currently home to several CFL franchises.
The city also recently added a new football team to its city-owned arena, and that stadium has attracted plenty of interest.
“It would be great to see a team move to Edmonton, but we’re not quite there yet,” said Mike Treglia, CEO of Calgary’s Real Estate Association.
“There’s still work to be done.”
It’s a huge financial loss for a city that is currently struggling with a debt load of $1.6 billion.
It would also mean that the Edmonton team would no longer be able to compete with the Stampingers in the CFL, which means that the team would need a new location.
The price tag is likely to be $2 billion, but there is some talk that the deal could be even higher, with an estimate of $4 billion.
Treglia also added that there are a number other options that the Calgary Stamping would look to explore in Edmonton.
“We have a number that we’re considering,” he said.
“It would make sense for us to look at the new team’s market in Calgary, as well as look at other locations.”