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Welcome to The Calgary Newsletter!

In today’s edition:

• Calgary set to host 2025 Centennial Cup

• AI art of the week

• A deep dive into the life of Pat Burns

• And more…

Quote of the Week

“The secret of getting ahead is getting started.”

—Franklin D. Roosevelt,

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Disclosures:

The content is not intended to provide legal, tax, or investment advice.

No money is being solicited or will be accepted until the offering statement for a particular offering has been qualified by the SEC. Offers may be revoked at any time. Contacting Masterworks involves no commitment or obligation.

Contemporary art data based on repeat-sales index of historical Post-War & Contemporary Art market prices from 1995 to 2023, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index. 

Net proceeds distributed back represents the total liquidation proceeds distributed back to investors, net of all fees, expenses and proceeds reinvested in Masterworks offerings, of all works Masterworks has exited to date.

See important Reg A disclosures at masterworks.com/cd.

Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

Which festival in Calgary is dedicated to celebrating local breweries and craft beer?

A) Calgary Beerfest

B) Brews and Views Festival

C) YYC Craft Beer Week

D) Hops in the Hills

Answer to Last Week’s Trivia:

The event celebrating the LGBTQ+ community in Calgary with a parade and festival is A) Calgary Pride Parade.

News

💼Business

WestJet cancellations continue as hail-damaged aircraft remain grounded. (link)

🏒Sports

Calgary set to host 2025 Centennial Cup. (link)

Calgary rugby coach hopes to create pipeline for women’s game. (link)

🏦Finance

Canada's biggest natural gas producer expects prices to rally next year. (link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚽ Cavalry FC vs. Pacific FC
Spruce Meadows Calgary, AB
Saturday August 24 | 3:00 PM | (more info)

Music & Concerts

🎸 Marilyn Manson
Grey Eagle Event Centre Calgary, AB
Saturday August 24 | 8:00 PM | (more info)

🎤 Jersey Boulevard - Tribute to Bon Jovi + Journey
Meridian Central Station Calgary, AB
Saturday August 24 | 8:00 PM | (more info)

☕ Coffee & Conversation - Your Simple Toolkit for Kid Success
Big Brothers Big Sisters of Calgary and Area 5945 Centre St SW Calgary, AB
Saturday, August 24 | 10 - 11am MDT | (more info)

Family

📝 Origami workshop. Paper crafting. Y Not Today
Y Not Today. Bingsu & Bubble tea 4339 Macleod Trail Southwest Calgary,
Sat, Aug 24 | 3:30 PM - 5:30 PM MDT | (more info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “An architecturally symmetrical Calgary.” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Calgary Historical Events

The 1972 Winter City plan.

The 1972 Winter City Plan was a pivotal moment in the development of Calgary, Alberta, as it laid the groundwork for the city's transformation into a vibrant and thriving winter destination. In response to its cold climate and extended winter season, city officials and planners embarked on an ambitious initiative to make Calgary a more livable and enjoyable place during the colder months. The plan aimed to enhance the city's urban design, infrastructure, and recreational opportunities, ultimately redefining the way Calgarians and visitors experienced winter.

One of the most notable aspects of the Winter City Plan was the creation of a network of pedestrian-friendly pathways and bridges connecting key areas of the city, making it easier for residents to navigate and enjoy the outdoors even in the harshest winter conditions. These pathways became known as the ""Plus 15"" system, referring to the height above ground level at which they were constructed. This innovative approach allowed Calgarians to move about the city comfortably and access various amenities, including shopping centers, restaurants, and office buildings, without having to endure the frigid temperatures outside.

The 1972 Winter City Plan not only improved the physical infrastructure of Calgary but also fostered a sense of community and celebration during the winter months. The plan encouraged the development of winter festivals and events, such as the world-renowned Calgary Stampede and the Calgary Winter Olympics in 1988. These initiatives not only put Calgary on the map as a premier winter destination but also brought economic growth and cultural enrichment to the city. Today, the legacy of the 1972 Winter City Plan lives on, as Calgary continues to embrace and celebrate its identity as a dynamic winter city.

Famous Calgarians

Pat Burns (1856-1937) - Cattle rancher and one of the Big Four who started the Calgary Stampede.

Early Life and Migration to Canada (1856-1878)

Born in Oshawa, Ontario, in 1856, Pat Burns had humble beginnings. At the age of 22, he made the life-changing decision to migrate west to Alberta, drawn by the allure of the open prairies and cattle ranching opportunities.

Cattle Ranching Ventures (1878-1885)

Upon arriving in Calgary, Burns became involved in the cattle ranching industry. He started his first cattle ranch near the Bow River, and through hard work and determination, he quickly established himself as a successful rancher.

Formation of the Big Four (1885-1886)

In 1885, Pat Burns joined forces with three other prominent ranchers, A.E. Cross, George Lane, and Archibald McLean, to form the ""Big Four."" This alliance would play a crucial role in shaping the Calgary Stampede and the city of Calgary itself.

The Calgary Stampede Inception (1886-1912)

The Big Four's collaboration resulted in the establishment of the Calgary Stampede in 1886, initially known as the Calgary Exhibition and Stampede. Pat Burns was instrumental in organizing and promoting the event, turning it into one of the most iconic rodeos in North America.

Cattle Empire Expansion (1890s-1920s)

Pat Burns continued to expand his cattle empire, acquiring vast tracts of land and herds of cattle throughout Alberta and beyond. His dedication to the ranching industry contributed significantly to the growth of Calgary and the surrounding region.

Business Ventures and Philanthropy (1910s-1920s)

Aside from ranching, Burns diversified his interests into meatpacking and transportation businesses, becoming a prominent figure in Western Canada's economy. He also engaged in philanthropic activities, supporting various community initiatives in Calgary.

The Great Depression and Resilience (1930s)

During the challenging years of the Great Depression, Pat Burns faced economic hardships, but his resilience and determination kept his businesses afloat and provided employment for many in Calgary, mitigating the impact of the economic downturn.

Legacy and Influence (1937-2022)

Pat Burns' legacy as a cattle rancher and Calgary Stampede pioneer endured long after his passing in 1937. The Calgary Stampede continued to thrive, celebrating Western culture and traditions, while his business empire remained a cornerstone of the Canadian meatpacking industry.

Honors and Recognitions (20th and 21st Century)

Throughout the 20th and early 21st centuries, Pat Burns received numerous posthumous honors and recognitions for his contributions to the Calgary Stampede, the ranching industry, and the city of Calgary, solidifying his place in Canadian history.

Key Achievements:

• Co-founding the Big Four and instrumental in starting the Calgary Stampede.

• Expansion of a successful cattle ranching empire.

• Diversification into meatpacking and transportation businesses.

• Philanthropic support for Calgary community initiatives.

• Enduring legacy as a prominent figure in Calgary's history.

Pat Burns, born in 1856, migrated to Calgary in 1878 and became a cattle ranching pioneer in the region. His collaboration with the Big Four in 1885 led to the inception of the Calgary Stampede, which he played a vital role in promoting. Burns' resilience during the Great Depression, his philanthropic efforts, and his impact on the cattle industry and Calgary's growth cemented his enduring legacy in Canadian history.

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I would love to hear from you. Don’t be shy.

-Matthew Larsen

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