Calgary – On Friday, November 29, 2019, the Calgary Stampede’s President & Chairman of the Board announced to Calgary community leaders at the Lake Louise Business Forum that a recent Conference Board of Canada review has assessed the annual economic impact of Stampede activities in the Calgary community at $540 million. This report was commissioned in advance of the BMO Centre expansion as a benchmark to better understand the future benefits of that initiative.
“The Calgary Stampede is pleased to share with our community partners and the broader community how the spirit and pride of our unique brand clearly resonates as an experience that people from around the world recognize and want to participate in both during Calgary’s annual Stampede celebration and year-round.” said Dana Peers, President & Chairman of the Board of the Calgary Stampede. “Annually, the Stampede hosts more than 1,200 world-class business, tourism, sporting, hospitality and community events. With the expansion of BMO Centre into a Tier 1 conference facility now underway, these numbers and the economic impact will grow dramatically.”
Construction of the expanded BMO Centre is anticipated to generate $497 million for Canada, with $402 million of that staying in Alberta. Once complete, the facility is projected to bring in $223 million for the province annually and provide more than 1,750 full-year jobs. Work on the first phase of the BMO Centre expansion is expected to be complete in June of 2020. The second phase of the expansion work is set to begin in late 2020, with completion expected in 2024.
“The numbers provided by the Conference Board of Canada are a great story for the community. We should all be proud of the ambassadorship we have cultivated together and the tremendous engagement that continues to grow towards our great city,” said Peers.
About the Calgary Stampede
The Calgary Stampede celebrates the people, the animals, the land, the traditions and the values that make up the unique spirit of the west. The Calgary Stampede contributes to the quality of life in Calgary
and southern Alberta through our world-renowned Stampede, year-round facilities, western events and several youth and agriculture programs. Exemplifying the theme We’re Greatest Together; we are a volunteer-supported, not-for-profit community organization that preserves and promotes western heritage and values. All revenue is reinvested into Calgary Stampede programs and facilities.
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