The BMO base at Stampede Calgary Park is set to double in size after the federal government gave $ 166.6 million to the project on Tuesday.
Federal Minister and Communities, François-Philippe Champagne, announced the news at Stampede Park.
The federal funding will come from the New Canada Building Fund, and the Alberta and Calgary City Councils also charge $ 166.6 million each, through the extension of the Calgary Rivers Area Regeneration Tax.
Calgary Exhibition and Stampede Ltd have previously pledged $ 3.9 million.
The total budget for the project is $ 500 million.
Champagne said it is planned to create 1,800 jobs during the construction, and 500 full-time jobs once it is opened.
At the early stages of the project, a new center will be built, Hall F, at the north end, which will take around 18 months and start next month, says Stampede CEO Warren Connell.
"During that period, the rest of the design on the reverse BMO – Stage 2, as it relates – will be completed and will be present licenses in a place. We will then decommission the Corral and build there as well.
'That's why it's so strongin which is it is clear that it does not stop the remaining 370 displays during the year. "
The building is due to be completed at a time for the 2025 International Rotary Conference, which is expected to raise around 40,000 delegates for the city, said Naheed Nenshi.
"It is about expanding our travel and tourism industry, it is about raising the resources we need to attract the type of passengers, especially passengers and visitors' meetings, who come to meet the needs of the many passengers. said, "Nenshi said.
"It is revitalizing the city center, it really does ensure that we are building on our natural and physical resources to ensure that we have a real change in it. we think about travel and tourism here in our community.
"It's about getting neighborhoods that high parking is going to be a vibrant area of culture and entertainment for everyone."
Located just south of Calgary in Victoria Park, the BMO Center is the largest conference center in the city. However, the current rate of around 500,000 square feet is decreasing the rules it has taken.
The extension would take $ 500-million to over a million square feet, giving the town the opportunity to host major customs as a destination for Stage 1.
Calgary Stampede has predicted previously that the place turned 11 to 14 large conferences a year.