Alberta Signs $1.2 Billion Deal for New Calgary Arena, Event Centre

The exterior of the Scotiabank Saddledome prior to an NHL game between the Calgary Flames and the Vancouver Canucks in Calgary, Alberta, on Jan. 16, 2021. Derek Leung/Getty Images

EDMONTON—The Alberta government and City of Calgary, along with the Calgary Stampede, have signed a $1.2 billion deal to build a new arena and event centre to replace the ageing, almost 40-year-old Saddledome.

In a provincial announcement on April 25, Alberta said it was committed to investing in infrastructure to create jobs, and had signed a memorandum of understanding to provide funds for a new arena and event centre as part of revitalizing the BMO Convention Centre expansion, Calgary’s River District, and the Stampede grounds.