Project Costs

In total, the cost for the new science centre is estimated to be $160 million. In detail, the estimated total capital cost for the new facility (including land, building, and exhibit costs) is $121.5 million. An additional $16.5 million “net” contingency for escalation in the years 2007-2011 brings the total capital requirement to $138 million.

An endowment and reserve fund in the amount of $19 million has been budgeted to cover pre-opening costs, the loss of operating revenue during the move from the old facility to the new building, and to sustain on-going operations. And, a significant capital campaign is required to raise $40 million from private sources. $3 million has been budgeted for this purpose.

Revenue sources

The new science centre will cost $160 million. To date, $40 million has been committed from the City of Calgary, $40 million from the Government of Alberta and $40 million from the Government of Canada. The remaining $40 million will be raised from community donations. Significant funds have been raised to date from generous individual and corporate partners like our naming sponsor TELUS Corporation as well as Suncor Energy Foundation, Werklund Foundation, TD Bank, Devon Canada and more.