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Sale of Medicine Hat Arena falls through

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Changes in zoning and market conditions led to the expiration of a Medicine Hat Arena deal between the City of Medicine Hat and NewRock Developments. (CHAT News File Photo)
By Brian Konrad

Deal was first made public in 2019

Jan 17, 2023 | 10:31 AM

MEDICINE HAT, AB — Nearly three and a half years after it was first announced, a deal to sell the former Medicine Hat Arena property to NewRock Developments has fallen through.

In a release, the City of Medicine Hat says the purchase contract expired and the parties agreed to discontinue further negotiations.

Several changes happened since the contract was signed in 2019, including an updated Municipal Development Plan in 2020 that changed the zoning for the property.

Ultimately, the rezoning and changes in market conditions, inflationary pressures, rising interest rates and unproven market demand, made the feasibility of the developed dubbed “Alto on Ash Avenue” uncertain.

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