Modify/Edit/Delete iCal Calendars in OSX lion; name, colors, accounts, etc

The new iCal on OS X lion 10.7 does not offer a straightforward way to modify Calendars; colors, names, etc.. I specifically had extra calendars added and colander colors changed on updates involving iCloud. This is how I was able to update my iCal Calendars.

To Change the colors of a specific Calendar in iCal on OS X lion 10.7

• Click the top right "Calendar" button.
• Select the specific Calendar and get info. Press the COMMAND + i key.
  • or Right-Click the Calendar.
• Select a new color from the dialog.

To Edit name or other info on a specific Calendar in iCal on OS X lion 10.7