Breaking: Flames make their offer public in relocation saga!

We now know what's on the table. The City of Calgary is offering to pay for one-third of the cost of a new National Hockey League arena.

Calgary Mayor Naheed Nenshi revealed details Friday of what the city proposes to pay for a building expected to cost $555 million to respond to the Calgary Flames breaking off talks for a new rink earlier this week.

The counter-offer from the NHL club has not been made public. However, they made it clear that they would want the city to pay closer to half the cost. Flames president Ken King has said earlier that ownership pulled out of negotiations because they’ve been spectacularly unproductive.

"We have to put the emotions aside and we have to determine what is the right thing for Calgary, what is the right thing for the citizens, what is the right thing for the taxpayer," Nenshi told the press. 

"Calgarians have told us, ‘We’re willing to make an investment. We’re not willing to give away the farm."’

Let's see if it gets the ball rolling on returning to the table for more negotiations.