Ken King, the former president and CEO and current vice-chair of the Calgary Sports and Entertainment Corporation (CSEC) -- which owns the Calgary Flames -- has died. 

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.

"It would be so important and so valuable if we could replace the stadium," Ken King said.

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. 

The Calgary Flames pulled out of talks with the city last fall, saying negotiations were going nowhere on reaching a deal to build a new facility.

To me, this isn’t just about possibly losing the hockey team. This is about losing a huge part of the heart and drive that makes Calgary such a dynamic city.

The tweet suggested that the re-election of Naheed Nenshi as Calgary’s mayor is “worse” than Donald Trump being U.S. president.

It’s up to Calgarians to decide where this issue needs to go from here, and which side needs to make the first move.

Ken King told Calgary's chamber of commerce Monday that the team has gone from a giver to a taker in NHL revenue sharing.

Calgary Mayor Naheed Nenshi is expected to respond to the Calgary Flames’ funding proposal for a new arena on Friday.