Prior to its reopening, the Flames signed a deal with Canadian Airlines to rename the facility. Under a 20-year agreement worth approximately $1 million per year, the arena became the Canadian Airlines Saddledome. Removing the "Olympic" moniker was controversial with both the public and City Council, though the city voted in favour of the deal which included the donation of a portion of the naming rights to fund amateur sports within the city. The arena was renamed again in 2000 when Canadian Airlines was acquired by Air Canada and ceased operations. Pengrowth Management Ltd. signed a 10-year agreement that gave the facility the name Pengrowth Saddledome.