Less than a year after closing for phase two of a $563-million renovation project, former Olympic venue BC Place in Vancouver, B.C., reopened Sept. 30. Estimates to build a new venue like BC Place, as opposed to renovation, came in at $1 billion.

The renovations are expected to increase the venue’s economic impact from almost $60 million per year to about $100 million per year. BC Place was previously used approximately 200 nights out of the year, whereas the renovated facility is...

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