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The province has backed out of supporting all three years of Calgary’s X Games, effectively killing plans to host the event in the city, Tourism Calgary said Thursday.

Tourism Calgary officials said they’re disappointed to learn the province won’t consider financially backing any of the three years of the extreme sports festival by pulling $13.5 million in funding pledged by the previous NDP government.

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The agency said it had informed the province it was pushing the city’s original 2020-22 hosting obligations a year later, through to 2023 to secure more corporate funding, but with the province dropping its commitment, the entire opportunity’s now been lost.

“We will not be able to proceed,” said Tourism Calgary CEO Cindy Ady, who suggested the decision was short-sighted in light of the three-year economic boost for the city.

“This was $13.5 million for a return of $225 million at least … at some point in time, we’ve got to look at the revenue side of things, not just the cost, it’s something we worked really hard at.”