Alberta
Province announces new Calgary arena deal
Image from flamesnation.ca
Agreement moves new Calgary arena and event centre forward
Alberta’s government, the City of Calgary and the Calgary Exhibition and Stampede have signed a memorandum of understanding (MOU) to enable construction of a new world-class arena and event centre.
Calgary is growing and its economy has momentum, and the Government of Alberta is committed to investing in the infrastructure necessary to create jobs and improve Calgarians’ quality of life. Alberta’s government is answering the call with this agreement for a new arena and event centre by investing in critical infrastructure to support the new event centre and BMO Convention Centre expansion while revitalizing Calgary’s Rivers District, the Stampede grounds and downtown.
“This new arena and event centre will be at the heart of Calgary’s sports, entertainment and cultural scene for generations, and will result in billions of dollars of economic activity and a higher quality of life for millions of Albertans. The memories experienced here by families and friends will contribute invaluably to the fabric and spirit of this city for decades. Calgary is a vibrant world-class city deserving and in need of world-class facilities. Along with Edmonton’s Rogers Place, Alberta will now have two of the best and most modern event centres in all the world.”
Under the MOU entered into by the province, the provincial government will not be investing in the construction or operation of the arena itself. Those costs will be borne by the city and CSEC pursuant to a separate MOU between those parties. The province will instead contribute up to $300 million, the majority over the next three years, primarily committed to road and bridge construction, LRT connection, site utilities, site reclamation and other supportive infrastructure. These investments will be critical to the development of the entire area, will enhance access to the Stampede grounds and the expanded BMO Convention Centre, and ensure a vibrant downtown and Rivers District.
“One of my first actions as Premier was to publicly encourage all parties to return to the negotiating table and to appoint MLA Ric McIver along with my office’s executive director to work with the city and CSEC to get this deal done in a manner that respected the expectations of provincial taxpayers. Six months later, we have results and I am grateful to the city, CSEC, the Calgary Exhibition and Stampede, MLA McIver and everyone else involved who came together to get this job done. I can’t wait to get the project started.”
As part of the agreement, the province would also partner with the city to build a new 1,000-seat community arena neighbouring the main arena that will serve youth and amateur hockey. The province’s contribution would be up to $30 million.
The province’s commitments in this agreement are subject to cabinet and Treasury Board approval by August 2023.
“This project is another signal to the market that Calgary is making strong investments in its future. The partnership approach we have taken accomplishes two things: we are building an event centre, and we are also creating the public amenities needed within the Rivers District to enhance quality of life for all Calgarians.”
“The Calgary Stampede has enjoyed having the Calgary Flames as a neighbour since they arrived in 1980. We are honoured and excited to be a partner in this development that will contribute to a world-class landscape for our Calgary community. When combined with other developments, both existing and planned, an event centre complex of this magnitude will provide an anchor to attract and host the world in Calgary’s Culture + Entertainment District.”
“We are proud and excited to be part of the group to have established a clear path forward that provides a new home for Calgary’s sports teams; the venue to host A-class concerts and events; and a community gathering place, for many years to come. Thank you to the city, the province and the Stampede for your leadership and for coming together to create an environment of success.”
“Make no mistake, this project is about more than just a single building. It’s fulfilling our vision of a home for culture, sports, and entertainment. It’s a vital investment in our city’s future prosperity, vibrancy and growth. A little over a hundred years and 1.3 million people later, we have a new Big Four – four partners committed to building a community hub that will serve us for generations to come.”
“If Ottawa had it’s way Albertans would be left to freeze in the dark”
The ineffective federal net-zero electricity regulations will not reduce emissions or benefit Albertans but will increase costs and lead to supply shortages.
The risk of power outages during a hot summer or the depths of harsh winter cold snaps, are not unrealistic outcomes if these regulations are implemented. According to the Alberta Electric System Operator’s analysis, the regulations in question would make Alberta’s electricity system more than 100 times less reliable than the province’s supply adequacy standard. Albertans expect their electricity to remain affordable and reliable, but implementation of these regulations could increase costs by a staggering 35 per cent.
Canada’s constitution is clear. Provinces have exclusive jurisdiction over the development, conservation and management of sites and facilities in the province for the generation and production of electrical energy. That is why Alberta’s government is referring the constitutionality of the federal government’s recent net-zero electricity regulations to the Court of Appeal of Alberta.
“The federal government refused to work collaboratively or listen to Canadians while developing these regulations. The results are ineffective, unachievable and irresponsible, and place Albertans’ livelihoods – and more importantly, lives – at significant risk. Our government will not accept unconstitutional net-zero regulations that leave Albertans vulnerable to blackouts in the middle of summer and winter when they need electricity the most.”
“The introduction of the Clean Electricity Regulations in Alberta by the federal government is another example of dangerous federal overreach. These regulations will create unpredictable power outages in the months when Albertans need reliable energy the most. They will also cause power prices to soar in Alberta, which will hit our vulnerable the hardest.”
Finalized in December 2024, the federal electricity regulations impose strict carbon limits on fossil fuel power, in an attempt to force a net-zero grid, an unachievable target given current technology and infrastructure. The reliance on unproven technologies makes it almost impossible to operate natural gas plants without costly upgrades, threatening investment, grid reliability, and Alberta’s energy security.
“Ottawa’s electricity regulations will leave Albertans in the dark. They aren’t about reducing emissions – they are unconstitutional, ideological activist policies based on standards that can’t be met and technology that doesn’t exist. It will drive away investment and punish businesses, provinces and families for using natural gas for reliable, dispatchable power. We will not put families at risk from safety and affordability impacts – rationing power during the coldest days of the year – and we will continue to stand up for Albertans.”
“Albertans depend on electricity to provide for their families, power their businesses and pursue their dreams. The federal government’s Clean Electricity Regulations threaten both the affordability and reliability of our power grid, and we will not stand by as these regulations put the well-being of Albertans at risk.”
Related information
- Conference Board of Canada socio-economic Impacts of Canada’s 2030 Emissions Reduction Plan – (April 2025)
- Alberta Electric System Operator’s position on Canadian Energy Regulations
Oh, Canada
We find it endlessly fascinating that most Canadians believe they live in a representative democracy, where aspiring candidates engage in authentic politicking to earn their place in office. So accustomed are Canada’s power brokers to getting their way, they rarely bother to cover their tracks. A careful reading of the notoriously pliant Canadian press makes anticipating future events in the country surprisingly straightforward.
Back in December, when Pierre Poilievre was given better than 90% odds of replacing Prime Minister Justin Trudeau—and Mark Carney was still just an uncharismatic banker few had heard of—we engaged in some not-so-speculative dot-connecting and correctly predicted Carney’s rise to the top spot. Our interest was driven by the notoriously rocky relationship between Ottawa and the Province of Alberta, home to one of the world’s largest hydrocarbon reserves, and how Carney’s rise might be a catalyst for resetting Canada’s energy trajectory. In a follow-up article titled “The Fix Is In,” we laid out a few more predictions:
“Here’s how the play is likely to unfold in the weeks and months ahead: Carney will be elected Prime Minister on April 28 by a comfortable margin; [Alberta Premier Danielle] Smith will trigger a constitutional crisis, providing cover for Carney to strike a grand bargain that finally resolves longstanding tensions between the provinces and Ottawa; and large infrastructure permitting reform will fall into place. Protests against these developments will be surprisingly muted, and those who do take to the streets will be largely ignored by the media. The entire effort will be wrapped in a thicket of patriotism, with Trump portrayed as a threat even greater than climate change itself. References to carbon emissions will slowly fade…
In parallel, we expect Trump and Carney to swiftly strike a favorable deal on tariffs, padding the latter’s bona fides just as his political capital will be most needed.”
The votes have barely been counted, yet the next moves are already unfolding…
“Alberta Premier Danielle Smith says she’ll make it easier for citizens to initiate a referendum on the province’s future in Canada, after warning that a Liberal win in Monday’s election could spur a groundswell of support for Alberta separatism. Smith said on Tuesday that a newly tabled elections bill will give everyday Albertans a bigger say in the province’s affairs.
‘(We’re giving) Albertans more ways to be directly involved in democracy, and to have their say on issues that matter to them,’ Smith told reporters in Edmonton.
If passed, the new law would dramatically lower the number of signatures needed to put a citizen-proposed constitutional referendum question on the ballot, setting a new threshold of 10 per cent of general election turnout — or just over 175,000, based on Alberta’s last provincial election in 2023.”
“US President Donald Trump said on Wednesday that Canadian Prime Minister Mark Carney is looking to make a trade deal and will visit the White House within the next week. Trump said he congratulated Carney on his election victory when the Canadian leader called on Tuesday.
‘He called me up yesterday – he said let’s make a deal,’ Trump told reporters at the White House after a televised Cabinet meeting.”
Remember where you read it first.
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