The stadium opened in 1983 and seats 19,000 spectators. It was reported in February that the Flames had looked at several locations for a new arena throughout the city and had architects draw up designs.
The report says that water is up Row 10 at the Saddledome and that the dressing rooms are submerged. A room that controls the stadium's Jumbotron and all the equipment in that room have been destroyed.
The flooding has forced more than 75,000 residents from their homes, turning many streets into rivers and leaving the middle of the city practically deserted.