Calgary’s new event centre deal by the numbers
Global News
An agreement in principle for a new event centre and area development is expected to cost $1.22 billion, with funds coming from Flames ownership, the city and province.
An agreement in principle for a new event centre and development in Calgary’s Rivers District is expected to cost $1.22 billion, with funds coming from the city, the province and the Calgary Sports and Entertainment Corporation (CSEC).
Here’s how the numbers break down.
The city will be putting up $537.3 million, or 44 per cent, to the project. The Flames ownership group is responsible for $356 million. The provincial government will be funding up to $330 million.
The Calgary Stampede will contribute with a land swap.
The project includes a replacement for the Saddledome, a community rink, an enclosed plaza, public realm improvements, attached parking, and improvements to transportation, infrastructure and the district.
Those estimated costs look like this:
At $800 million, the city-owned event centre would be more expensive than the $634 million of the previous deal CSEC backed out of in December 2021.
“What you’re seeing right now is the cost of moving forward with this new event centre and the area,” Coun. Sonya Sharp, who chairs the city’s event centre committee said.
Mark Wiseman will take over as Canada's ambassador in Washington, D.C. on Feb. 15, 2026, Prime Minister Mark Carney’s office said in a statement.
Loto-Québec says the $1-million prize for a Lotto 6/49 winning ticket is still unclaimed, and time is running out.
Crosby broke Lemieux’s franchise scoring record with a goal and an assist in the first period of the Penguins’ 4-3 shootout win against the Canadiens on Sunday night.
Experts warned this saving grace for the economy is at risk in 2026 as North American trade officials prepare for a review of the Canada-U.S.-Mexico agreement, or CUSMA.
Ontario's police watchdog agency says it is investigating the circumstances of a 58-year-old woman's death in Toronto after it says she fell from a hotel balcony.
Differential pricing refers to a practice where people can be charged different prices for the same grocery product from the same store.
The Parole Board of Canada ruled Said Namouh was not ready for parole.
The U.S. Coast Guard is pursuing another sanctioned oil tanker accused of helping Venezuela evade U.S. sanctions, as pressure mounts on vessels tied to its shadow fleet.
Charitable organizations across the country say they are feeling the impact of the rising cost of living. In some cases, donations are down and need is up.
Federal public servants are expected to learn about job cuts in their departments when they return from their holiday break when leaders share their plans.
Waterloo Region is facing a newly identified water capacity issue, raising concerns about growth, aging infrastructure and long-term climate resilience.
Montreal police have arrested two teens in the stabbing of a 12-year-old boy last month. The victim’s injuries are no longer life-threatening.
U.S. forces stopped another vessel off Venezuela as Trump escalates pressure on President Nicolás Maduro and enforces a blockade on sanctioned oil tankers.