The event centre will anchor a public festival street, attract world-leading performing artists and major events, and serve as a new home to the Calgary Flames, Hitmen and Roughnecks. The Boards of each of the Stampede and CSEC formally approved the agreements late last week and the final step in the approval process, an affirmative vote of Calgary City Council, occurred earlier today.
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 realizing the vision of east Victoria Park as a Culture and Entertainment District which includes the BMO Centre, Arts Commons, the Calgary Central Library, Studio Bell and the National Music Centre. It contributes to goals identified in the Downtown Strategy to advance Calgary's economic recovery and resilience, and is a key component to Council's update to the Economic Strategy for Calgary approved in June 2018 "Calgary in the New Economy".