The Calgary Municipal Land Corporation (CMLC) and its partners, the City of Calgary and Arts Commons, announced the Olympic Plaza Transformation—a new city-building initiative to renew an important but aging downtown cultural space.

The Olympic Plaza Transformation will see a full redesign of the plaza as an innovative, flexible and active space in the downtown core. Its proximity to Arts Commons—currently undergoing its own $480M transformation—will allow for design synergies, construction efficiencies and coordinated leadership.

“The Olympic Plaza Transformation project clearly illustrates the renaissance that Calgary’s downtown is poised to experience. This is what happens when a municipality, together with its partner organizations and the business community, believes and invests in itself,” said Calgary Mayor Jyoti Gondek. “The City’s $425M investment in the Downtown Strategy is paying off both in terms of reciprocal private investment and global attention.”

(L-R): Thom Mahler, director, City of Calgary’s Downtown Strategy; Kate Thompson, president & CEO, CMLC; and Alex Sarian, president & CEO, Arts Commons. (CMLC)

In its budget for 2023-2026, The City earmarked $108M for downtown revitalization, including upgrades to Olympic Plaza and Stephen Avenue. $40M has been allocated to the Olympic Plaza Transformation for project initiation, design team procurement and design development. Additional funding will be required prior to construction commencing on the project.

Olympic Plaza Transformation will proceed according to a development agreement between CMLC, The City of Calgary and Arts Commons that will now govern the delivery of both the Arts Commons Transformation and the Olympic Plaza Transformation. As development manager, CMLC is responsible for stewarding design and construction on behalf of its partners. CMLC will also manage the redevelopment of Stephen Avenue in this block.

“As development manager for the expansion and modernization of Arts Commons, CMLC is perfectly positioned to lead the Olympic Plaza Transformation with a coordinated approach that dramatically elevates the entire block,” said Kate Thompson, CMLC’s president & CEO. “CMLC excels at visionary master-planning, and the opportunity to reimagine an entire block is very exciting—as are the benefits and opportunities for Calgarians. Leading three adjacent and concurrent projects in this block creates construction efficiencies and economies of scale.”  In the coming weeks, CMLC will issue a competitive RFP for a qualified and visionary design team. Following selection of the proponents, design is expected to take place through 2023 and 2024, in alignment with the design process for ACT.

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“This project represents another major step forward in the continued progression of Calgary’s Downtown Strategy. Over the past two years, we’ve seen more than $189M in private investment committed into the downtown and these types of major public space improvements are critical to creating a complete downtown experience,” said Thom Mahler, director of the City of Calgary’s Downtown Strategy team. “Together with the investment in Calgary’s Culture + Entertainment District and the downtown core, we are charting a new future for Calgary’s downtown cultural, arts, and entertainment identity.”


In developing a programmatic design for the Olympic Plaza Transformation, CMLC and the selected design team will explore the plaza’s historic elements and significance as a gathering place during the 1988 Winter Olympics along with learnings from The City of Calgary’s 2016  Olympic Plaza Cultural District engagement and CMLC’s 2021 Arts Commons Transformation public and stakeholder engagement. CMLC will provide additional opportunities for public input as the project progresses.

“Overseeing the successful activation of Olympic Plaza allows Arts Commons to expand on our mandate of stewarding cultural assets in our city on behalf of the citizens of Calgary. Leveraging this outdoor community space to connect more artists to more audiences will create a more vibrant and resilient cultural presence in our downtown core,” said Alex Sarian, president & CEO of Arts Commons. “Envisioning Olympic Plaza as part of the new Arts Commons campus gives us so much more flexibility to deliver public and private outdoor events—a tremendous boon to our ambitions to diversify our programming and extending our reach.

Construction timelines for the Olympic Plaza redevelopment will be defined as the project plan is refined. To facilitate construction on both the Arts Commons Transformation and Olympic Plaza Transformation projects, events and programming in Olympic Plaza will be paused at the end of 2024. The City will work with event coordinators to identify alternate locations.

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Featured image: Calgary’s Olympic Plaza. (CMLC)


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