Calgary’s long-awaited Event Centre is in the works with plans for construction to begin soon. The city’s Event Centre Committee recently met to discuss the progress of the more than $800 million arena, with much of the update happening behind closed doors. Chair of the committee, Ward 1 Coun. Sonya Sharp, mentioned that draft plans will be reviewed before going to the Calgary Planning Commission for further discussion. Although there are no definitive dates, the hope is to unveil the design of the building during this year’s Calgary Stampede, showcasing a project to be proud of.
Work has already started to prepare the site at the corner of 12th Avenue and Olympic Way Southeast, as well as reconfigure 5th Street Southeast. The design team has submitted two development permit applications for stripping and grading on the site, as well as shoring and excavation work. Sharp mentioned that the development permit application will be reviewed by the Calgary Planning Commission in the fall, following a similar process to other city-owned projects like Arts Commons or the library. The entire project, costing $1.2 billion, will include the arena, community rink, and improvements to public space in the Rivers District, along with general improvements to area transportation and infrastructure.
The City of Calgary will own the building and has put up $537 million upfront for the construction of the event centre, parking, plaza space, and a quarter of the attached community rink. Flames ownership will contribute $40 million upfront and pay a $17-million annual lease payment to the city, increasing by one percent over 35 years. Provincial funding of $330 million will cover infrastructure improvements and the demolition of the Saddledome, as well as half of the cost of the community rink. Construction is expected to begin later this year, with the lease agreement for Calgary Sports and Entertainment Corporation set to start on September 1, 2026.
The committee aims to ensure that the project is completed in a timely manner, with the hope of showcasing the design of the building to the public by the beginning of summer. The project is an important investment for the city, with many investors and visitors to impress. The goal is to create a space that the city can be proud of, especially during events like the Calgary Stampede. The development permit process and further discussions with the Calgary Planning Commission will help to move the project forward and reach permitting deadlines.
With a significant investment from the city and Flames ownership, as well as provincial funding for infrastructure improvements, the project is on track to move forward. The construction of the event centre, community rink, and improvements to the surrounding area will bring positive changes to the Rivers District. The project is expected to not only benefit the city economically but also provide a modern and interactive space for residents and visitors to enjoy. The public can look forward to seeing the progress and design of the event centre in the coming months, with construction set to begin later this year.
