Werklund Centre Revamp Faces $200M Funding Shortfall
The Werklund Centre expansion in Calgary is facing a significant funding gap of nearly $200 million. This shortfall was highlighted during a recent city council committee meeting.
Key Project Details
This transformative project is designed to create a cultural hub, featuring a new performing arts centre, upgrades to Olympic Plaza, and modernization of the existing Werklund Centre, originally known as the Arts Commons Centre.
Expansion Progress
- The expansion phase is underway with construction of a new three-level building adjacent to Olympic Plaza.
- This building will encompass 170,000 square feet, including two theatres: a 1,000-seat theatre and a 200-seat space.
The total funding secured for the construction stands at $290 million, as reported by Kelly Coles from the Calgary Municipal Land Corporation. The new centre is expected to open for the 2028/2029 theatre season. The funding for the Olympic Plaza renovation is fully secured at $75 million, with work scheduled to begin this year.
Funding Shortfall for Modernization
However, the funding for the second phase, which includes the Werklund Centre’s modernization, has lagged significantly. Only about $74.5 million of the needed $270 million has been secured. The complete modernization is projected to take up to three years.
Actions to Bridge the Funding Gap
- Discussions are ongoing with the federal government to match the province’s $103 million commitment.
- A total of $63 million was previously pledged by the municipality, but it remains unfunded.
- Efforts are being made to increase private sector contributions.
Notable supporters include the Werklund family, along with philanthropists Al Osten and Buddy Victor. A notable donation of $12 million was made by Osten in memory of Victor, who passed away recently. The new larger theatre will be named the Osten-Victor Playhouse.
Importance of Modernization
The modernization of the Werklund Centre is critical, both for necessary repairs and as part of the overall fundraising effort. CEO Alex Sarian emphasized that if the oversight committee neglects this phase, it could jeopardize relationships with key donors and provincial stakeholders.
Impact of Delayed Funding
The timeline for the modernization work depends on the arrival of funds. Calgary Municipal Land Corporation president Kate Thompson warned that inflation and rising construction costs could exacerbate the financial challenges, making timely resolution of funding imperative.
In conclusion, the Werklund Centre expansion aims to enhance Calgary’s cultural landscape significantly but remains hindered by a substantial funding gap that must be addressed promptly.
