Parties
Company
Calgary Municipal Land Corporation (CMLC)
Government
City of Calgary
Company
Calgary Sports and Entertainment Corporation
Company
Calgary Exhibition and Stampede Ltd.
Agreements were signed by Calgary Municipal Land Corporation (CMLC), Calgary Sports and Entertainment Corporation and its affiliates (including Calgary Flames Limited Partnership), Calgary Exhibition and Stampede Ltd. (Calgary Stampede) and the City of Calgary (City) for the construction and operation of the new Event Centre including NHL arena and home to the Calgary Flames, Hitmen and Roughnecks, venue for large-scale entertainment and sporting events, and retail integrated with the surrounding entertainment and culture district.
Design and preparatory construction work is to start right away with an opening date for the arena expected around 2026 or 2027.
Deal Type
Financing/InvestmentIndustry
InfrastructureTransaction
$ 800,000,000Deal Status
ClosedClosing Date
05 October 2023