A new public sports and entertainment event centre and home for the NHL’s Calgary Flames has been approved for development in Calgary, Canada.
The City of Calgary, Calgary Sports and Entertainment Corporation (CSEC) and the Calgary Exhibition and Stampede have each approved the fundamental terms and conditions for the development and construction of the new complex.
The event centre will anchor a public festival street, attract world-leading performing artists and major events, and an arena will serve as a new home to the Calgary Flames, Hitmen and Roughnecks.
The cost of the C$550 million event centre, including the new 19,000-seat arena, will be split 50/50 between the City and CSEC.
Located adjacent to the downtown core in east Victoria Park, the event centre will be a catalyst for redevelopment in the Rivers District and is critical to realising the vision of east Victoria Park as a Culture and Entertainment District which includes the BMO Centre, Arts Commons, the Calgary Central Library, Studio Belland the National Music Centre.
Mayor Naheed Nenshi said:
For years, I’ve been saying any investment of public money must have public benefit. This deal does that. It’s a fair deal. I’m pleased that it will allow us to move forward on the important work of city building, especially in east Victoria Park.
Given their success in building and designing the East Village, I’m looking forward to the Calgary Municipal Land Corporation’s design, engagement and community integration on this project.
Warren Connell, CEO of the Calgary Stampede, added:
As a key part of the community since 1912, the Stampede is thrilled to be part of a project that is focused on building the Rivers District for the future in a way that is as bold and innovative as the city itself.
With our partners, we look forward to welcoming Calgarians and visitors to all of our events and facilities that support a world class year-round gathering place.
The partners will now move forward to finalise definitive legal agreements and coordination of ongoing public engagement on key design components of the project.