It's a battle between the heart, the mind and the pocketbook with Calgary's proposed events centre deal.

The City of Calgary, the Calgary Flames and the Calgary Stampede, which owns the land, have agreed in principle to terms on an event centre that would be the new home of the city's NHL team.

A special meeting of council is scheduled for Monday, as councillors are expected to discuss and vote on terms to enter negotiations with the Calgary Sport and Entertainment Corporation.

City council's event centre committee spent Wednesday afternoon going over a term sheet for a $600 million facility negotiation.

Calgary councillors spent hours discussing several major infrastructure projects on Monday, including a new hockey arena.

With arena/event centre negotiations picking back up in Calgary, Joe McFarland writes he's seen the same arguments before.

Five years ago, Calgarians pulled through the 2013 flood with a 'can do' attitude. Since then, more and more projects in Calgary have been met with resistance, as if they're things Calgary 'can't do,' Joe McFarland writes.

The Flames broke off negotiations around a new arena a year ago with president Ken King calling discussions "spectacularly unproductive."

CSEC president Ken King said in September of last year that the team was no longer looking for a new arena in the city, which put the contentious debate on ice indefinitely. 

A new arena has been back on the forefront of many councillors' minds after Calgary City Council approved a new committee in May aimed at restarting the talks.