Sub Markets

Property Sectors

Topics

Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Alberta & Prairies  + Hospitality  | 

Edmonton’s Ice District Event Park Development Gets Green Light

Edmonton city council has approved a master agreement for a new event park in the Ice District, CBC reported.

The decision passed in a 9–4 vote, clearing the way for the Edmonton Oilers’ ownership group to move forward with the project.

The $408.2-million plan ties the event park to other commitments, including building 2,500 housing units and demolishing the Coliseum, the former home of the Oilers before Rogers Place arena became the district’s centrepiece.

Funding for the package will be shared by the City of Edmonton, the province and OEG Sports and Entertainment, the company that owns the National Hockey League club, CBC reported.

The projects are connected through the Capital City Downtown Community Revitalization Levy, a financing tool that council extended in June for another decade to help fund infrastructure developments in the city.

Pictured: The future Ice District Event Park.

Rendering: OEG.

Connect

Inside The Story

OEGCity of Edmonton

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Development
  • ◦Financing
  • ◦Policy/Gov't
New call-to-action