Alberta
Revitalizing downtown Calgary: Province

Alberta’s government is investing up to $330 million over five years to support the Calgary Rivers District and Event Centre and revitalize downtown Calgary.
In April 2023, Alberta’s government signed a memorandum of understanding with the City of Calgary and Calgary Exhibition and Stampede Ltd. to invest in infrastructure to support the new event centre while revitalizing Calgary’s Rivers District, the Stampede grounds and downtown. The provincial funding has now been approved by cabinet and Treasury Board.
“Calgary is a city of big dreams, big projects and big expectations. Our investment in the Rivers District is one that helps build Calgary and continues the momentum of revitalization in the downtown core. It’s one more shot of energy for Calgary’s culture, entertainment and business scenes, and the city and province will reap the economic benefits for decades to come.”
The funding will support land acquisition, site utilities and transportation infrastructure for the Calgary arena and entertainment district project. The investment will also cover 50 per cent of the construction costs of a new 1,000-seat community arena that will serve youth and amateur hockey. Once complete, the Rivers is expected to create 1,500 permanent jobs and welcome an estimated 8,000 new residents and three million annual visitors to the Culture and Entertainment District.
“Alberta is proud to be a key funding partner for this project to help ensure Calgary has the infrastructure it needs to support a vibrant events district, enhance the downtown core and promote economic development, now and in the future. This contribution is an investment in the long-term economic sustainability of Calgary’s downtown.”
“This community rink will add to Calgary’s already vibrant downtown. It will provide a hub for athletes and their families to gather, share in a love for sport and make lifelong connections. And the increase in visitors to the area will help spur the local economy.”
“The Calgary Rivers District and Event Centre project will provide a tremendous boost to the local economy and create thousands of planning, design and construction-related jobs. Infrastructure will support our partner ministries in any we can to ensure the project is completed in an efficient and timely manner, and that Calgarians get the top-notch arena and entertainment district they’ve been waiting for.”
“Our province has a strong history of hosting major national and international events. I see great synergy and potential to grow Calgary’s reputation as a global destination for festivals and sporting events through our government’s continued investment.”
The province’s investment in the project includes new transportation infrastructure and improvements to existing transportation infrastructure, indoor and outdoor gathering spaces, a community rink and demolition of the existing Saddledome. Once complete, the Rivers District project will add an estimated four million square feet of mixed-use development (homes, retail, hotels) in Calgary’s Culture and Entertainment District.
Agreements among all parties, including the City of Calgary, Calgary Sports and Entertainment Corporation and Calgary Stampede, have been signed and executed, paving the way for work to begin immediately.
“The completion of this project will bring benefits for all Calgarians, and we’re one step closer to its realization. We are fortunate to have partners, including the Government of Alberta, who realize the enormous potential that this district has for Calgary as a year-round hub of sports, arts and entertainment. It will attract commercial investment to our downtown core and contribute to our city’s vibrancy and economic growth.”
“At this critical moment when we are seeing explosive population growth and increasing private sector interest in our city, the confirmation that our Culture and Entertainment District is proceeding to design and construction phases will generate strong investor confidence. This project will create better public gathering spaces, improved transportation networks, a downtown community rink and an arena to drive events that spur hosting and tourism opportunities, along with creation of jobs in the construction, retail and entertainment sectors.”
Quick facts
- The total project cost is estimated at $1.22 billion:
- The City of Calgary will contribute $537.3 million (44 per cent).
- The remaining $686 million (56 per cent) of the project costs will be covered by the Alberta government ($330 million, 27 per cent) and the Calgary Sports and Entertainment Corp. ($356 million, 29 per cent).
Alberta
Temporary Alberta grid limit unlikely to dampen data centre investment, analyst says

From the Canadian Energy Centre
By Cody Ciona
‘Alberta has never seen this level and volume of load connection requests’
Billions of investment in new data centres is still expected in Alberta despite the province’s electric system operator placing a temporary limit on new large-load grid connections, said Carson Kearl, lead data centre analyst for Enverus Intelligence Research.
Kearl cited NVIDIA CEO Jensen Huang’s estimate from earlier this year that building a one-gigawatt data centre costs between US$60 billion and US$80 billion.
That implies the Alberta Electric System Operator (AESO)’s 1.2 gigawatt temporary limit would still allow for up to C$130 billion of investment.
“It’s got the potential to be extremely impactful to the Alberta power sector and economy,” Kearl said.
Importantly, data centre operators can potentially get around the temporary limit by ‘bringing their own power’ rather than drawing electricity from the existing grid.
In Alberta’s deregulated electricity market – the only one in Canada – large energy consumers like data centres can build the power supply they need by entering project agreements directly with electricity producers.
According to the AESO, there are 30 proposed data centre projects across the province.
The total requested power load for these projects is more than 16 gigawatts, roughly four gigawatts more than Alberta’s demand record in January 2024 during a severe cold snap.
For comparison, Edmonton’s load is around 1.4 gigawatts, the AESO said.
“Alberta has never seen this level and volume of load connection requests,” CEO Aaron Engen said in a statement.
“Because connecting all large loads seeking access would impair grid reliability, we established a limit that preserves system integrity while enabling timely data centre development in Alberta.”
As data centre projects come to the province, so do jobs and other economic benefits.
“You have all of the construction staff associated; electricians, engineers, plumbers, and HVAC people for all the cooling tech that are continuously working on a multi-year time horizon. In the construction phase there’s a lot of spend, and that is just generally good for the ecosystem,” said Kearl.
Investment in local power infrastructure also has long-term job implications for maintenance and upgrades, he said.
“Alberta is a really exciting place when it comes to building data centers,” said Beacon AI CEO Josh Schertzer on a recent ARC Energy Ideas podcast.
“It has really great access to natural gas, it does have some excess grid capacity that can be used in the short term, it’s got a great workforce, and it’s very business-friendly.”
The unaltered reproduction of this content is free of charge with attribution to the Canadian Energy Centre.
Alberta
Alberta Next: Taxation

A new video from the Alberta Next panel looks at whether Alberta should stop relying on Ottawa to collect our provincial income taxes. Quebec already does it, and Alberta already collects corporate taxes directly. Doing the same for personal income taxes could mean better tax policy, thousands of new jobs, and less federal interference. But it would take time, cost money, and require building new systems from the ground up.
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