by Kevin Lapp
on Tuesday, January 23rd, 2018 at 4:33pm.
Red Deer will host the Canadian Finals Rodeo for the next 10 years.
Terry Cooke, president of the Canadian Professional Rodeo Association, told a packed crowd at Red Deer's Westerner Park that he had signed the papers Tuesday morning.
"It's outstanding to be a part of this," Cooke said to a round of applause.
This is the first time the Canadian Finals Rodeo is on the move since its inception 44 years ago. The annual event used to be held in Edmonton's Northlands Coliseum, which recently closed.
The closure of the historic venue inspired the teams at Westerner Park and the Red Deer & District Chamber of Commerce to collaborate on a multi-year bid for the event.
Ben Antifaiff, CEO of Westerner Park, said the CFR will bring in anywhere between $20 to $30 million to the central Alberta region.
Red Deer Mayor Tara Veer was quick to congratulate the city and join in the celebrations after she heard the formal announcement.
"Our community will greatly benefit from the celebration, economic impact, and show of championship rodeo for years to come," she wrote in a statement.
"To the CFR and its fans, we welcome you home."
Red Deer outbid several cities for the important rodeo competition, including Edmonton and Saskatoon, for the long-term agreement.