Come 2027, the Calgary Flames will have a new home, and musicians will have a new concert venue. Yesterday, ground was broken for Calgary’s new event centre and while the plans have been in the works for over a year, the centre has finally been given a name: Scotia Place.

Designed with consultation from an Indigenous Advisory Group that included representatives from the Treaty 7 Nations, the Métis Nation of Alberta, Region 3, and the Urban Indigenous community, the new event centre is meant to be a foundational part of the city’s revitalization of its arts and entertainment district.

Scotia Place will mark the second major event space in Calgary for which the bank has secured naming rights, joining the iconic Scotiabank Saddledome, where the Flames currently play. It will be the seventh such space in Canada, along with arenas in Halifax, Toronto, and Winnipeg.

“For years we have seen firsthand the value these partnerships bring to the communities in which we operate and for our clients,” said Aris Bogdaneris, group head, Canadian banking of Scotiabank. “For nearly 20 years, Scotiabank has been a proud partner of Calgary Sports and Entertainment Corporation and together, we are committed to bring fans and our clients an unforgettable experience when they walk through the doors of Scotia Place.”

According to the city, the 10-acre block is designed for community and connection and will include a rink, outdoor and indoor plazas, four restaurants, the Calgary Flames Team Store, and a future development opportunity in the northeast corner. It will provide gathering places and amenities for the 8,000 people who are expected to live in the new downtown neighbourhood.