Study assesses economic impact of revitalization of Rivers District

January 25, 2019
General Business Life in Calgary Real Estate & Development
calgary+newsroom+Study assesses economic impact of revitalization of Rivers District

When City Council approved an updated economic strategy for Calgary in 2018 a key component is to create a sense of “place” that would enhance the city’s reputation as a great place to work and live, and a major element of that ambition is the Rivers Entertainment District.

Revitalization of underused lands in and around The Stampede Grounds, near where the Bow and Elbow rivers meet, is the subject of a report by Ernest & Young that was presented to the Event Centre Assessment Committee of Council on Jan. 24.

The report Economic Impact Assessment of the Rivers District Revitalization in Calgary was prepared for Calgary Economic Development and Calgary Municipal Land Corp. The intention is into enhance culture, entertainment and tourism in the area.

“As part of this plan, three key infrastructure projects have been identified as being catalysts to revitalization, these being: an expansion of Arts Commons; an expansion of BMO Centre, and construction of a new events centre,” the report said.

The intent of the report is to inform citizens and decision-makers with the city about the potential impact of the projects.  A copy of the report is attached.

Download Report

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