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Big four capital projects

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Priority Capital Projects

On March 4, 2019, Council approved the financial strategy to fund four Priority Capital Projects over the next 10 to 15 years: the Event Centre in Victoria Park, BMO Centre Expansion, Arts Commons Transformation and Foothills Fieldhouse.

Investing in infrastructure that supports trade and tourism is key to building strong regional economies and creating jobs. These projects will help strengthen Calgary’s economy and foster business development and investment in Calgary, paying dividends for generations to come.

Three of these projects, the Event Centre in Victoria Park, BMO Convention Centre Expansion and Arts Commons Transformation are key cornerstones of a future Cultural and Entertainment District, within the Rivers District. These investments support The City’s Downtown Strategy to further Calgary’s economic recovery and resilience, through being catalysts for revitalization and private investment.

Ernst & Young prepared an Economic Impact Assessment on the full build-out of the Cultural and Entertainment District. The report, released in January 2019, concludes that spending $1.5 billion to build the three projects could generate $1.7 billion in economic spending. The yearly operation of the buildings could generate an additional $300 million economic activity. The report also states that 4,750 full-time jobs could be created during the construction phase of the district, with an additional 1,536 permanent jobs created once the new facilities are open.​​​​​​

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Priority Capital Projects

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<div class="ExternalClassDDEAE06314FE4584B9EA4C1E58502DE3"><p>A new facility and renewal of the existing building will ensure Arts Commons remains a key contributor to our city’s social, economic, cultural and intellectual life and well-being.​</p></div>

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http://www.calgary.ca/PDA/pd/PublishingImages/big-four-capital-projects/Arts-commons.jpg, https://spprd-authoring.calgary.ca:47443/PDA/pd/PublishingImages/big-four-capital-projects/Arts-commons.jpg

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http://www.calgary.ca/PDA/pd/Pages/Capital-Projects-Arts-Commons-Expansion.aspx, https://spprd-authoring.calgary.ca:47443/PDA/pd/Pages/Capital-Projects-Arts-Commons-Expansion.aspx

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Arts Commons Expansion

A new facility and renewal of the existing building will ensure Arts Commons remains a key contributor to our city’s social, economic, cultural and intellectual life and well-being.​

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BMO Centre Expansion

The creation of a tier-1 venue when completed in 2024 will support larger conventions and conferences being hosted in Calgary and Southern Alberta.

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Foothills Fieldhouse

A multisport fieldhouse at Foothills Athletic Park addresses the need for indoor practice and play space and offers opportunities to attract major sporting competitions.​

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Event Centre in Victoria Park

A new Event Centre with an NHL-level arena will sit in Calgary’s emerging Cultural and Entertainment District in Victoria Park.​

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