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Thursday' Buzz: "Paramount Theatre for Sale: ONE Properties Insolvency Sparks Controversy"
Thursday' Buzz: "Paramount Theatre for Sale: ONE Properties Insolvency Sparks Controversy"
Thursday' Buzz: "Paramount Theatre for Sale: ONE Properties Insolvency Sparks Controversy"
"Exciting news: Historic Paramount Theatre for sale during ONE Properties insolvency sale!"
Edmonton Buzz Team :)
Feb 12, 2026
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Trivia Question❓Before they amalgamated in 1912, what was the name of the separate city located on the south side of the North Saskatchewan River? Answer at the bottom of the newsletter |
Happy Thursday! 🥂
An old downtown favorite is up for sale.
Lets get to it.
The Edmonton Buzz Team 🐝 |
Our featured story | ||
In the news this week |
The Paramount Theatre on Edmonton’s historic Jasper Avenue is now officially for sale due to insolvency proceedings involving ONE Properties.
This iconic site, once a cultural hub since its 1952 debut, has been overseen by MNP Ltd. as receiver after a $9 million loan default with National Bank of Canada.
Covering nearly 28,000 square feet across several downtown addresses, the property’s prime Core Commercial Arts zoning allows for significant redevelopment, including buildings up to 150 meters.
Jones Lang LaSalle is managing the sale, presenting the property “as-is, where-is,” and inviting serious interest from developers.
While beloved by the community and noted on Edmonton’s historic inventory, the Paramount lacks heritage protection, opening doors to transformation amid a wave of major downtown transactions.
Locals and preservationists now await what the future holds for this storied Edmonton landmark. Read More... |
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Take that trip at a discount in 2026! |
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What's happening? | ||
Things to do this weekend |
1. Outdoor and Nature |
Silver Skate Festival: Edmonton’s longest-running winter festival celebrates prairie life with snow sculptures, recreation, and the magical Folk Trail. Enjoy self-guided tours of art installations or lace up for a skate on the pond.
Canadian Birkebeiner Ski Festival: Canada’s premier classic cross-country ski festival. While registration for the "loppets" has a fee, spectators can watch for free as thousands of skiers recreate the legend of the Birkebeiner.
Moonbiking with Rural Rivers: Try a new way to navigate the snow on electric moonbikes. These quiet, eco-friendly snow-machines offer a unique way to glide through the Sturgeon River valley.
Victoria Park Oval Skating: Experience one of the city's most scenic skating locations. Whether you are training on the 400m speed skating oval or enjoying the whimsical Ice Way through the trees, it’s a quintessential Edmonton winter experience.
Elk Island Snowshoeing: Explore the Beaver Hills Dark Sky Preserve on snowshoes. It’s peak season for spotting bison in the snow or catching a glimpse of the Northern Lights during the evening.
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2. Shows & Entertainment 📺 |
International Festival of Winter Cinema: The world's only outdoor winter film festival. Short and feature-length films are projected onto a massive screen made of snow, celebrating winter and mountain culture.
Ballet Edmonton Presents: THRESHOLD: A stunning contemporary dance performance featuring new choreography. This show explores the boundaries of physical movement and emotional storytelling.
Death of a Salesman at The Citadel: A powerful revival of Arthur Miller's classic play. Experience the tragic story of Willy Loman in this high-production performance at one of Edmonton's premier theatres.
Wildfire Teen Improv Festival: Watch the next generation of Edmonton’s comedy stars. This festival brings together high school improv teams for high-energy, unscripted competitions.
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3. Arts, Crafts & Culture 🎭 |
5 Artists 1 Love: 20th Anniversary Exhibition: A celebration of Black history and artistry in Edmonton. This exhibition showcases five local Black artists and their unique perspectives on community and identity.
Lunar New Year Festival at Kingsway Mall: Celebrate the Year of the Horse (2026) with traditional lion dances, workshops, and cultural performances inside the mall.
Wayfinders: A Constellation of Women Artists: This exhibition brings together works by several mid-career women artists working in Edmonton, exploring themes of family, navigation, and folklore.
Fix, Fire, Forge - Alberta’s Craft Engine: An exhibition highlighting the rigorous studio practices of Alberta’s post-secondary art technicians, showcasing the "masters of the craft."
All Black Wear Gallery Affair: An evening of celebration and creativity where attendees are encouraged to wear all black to honor Black History Month through art and community.
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Family Fun Sunday at Greenland Garden Centre: Enjoy free hot chocolate, roasted marshmallows, hayrides, and meet adoptable pets from local rescues.
LEGO Make & Take - Disney Moana: Kids can build a Lego "HeiHei" character and take it home for free. Registration is usually required.
Cupids & Castles at The Brick Bin: An after-hours Valentine's themed workshop where families can build castle creations with help from a local Lego master.
Drop-In Skate Lessons: City-led instructors help kids and beginners find their balance on the ice in the heart of downtown.
Swing 'n Skate: Lace up your skates (or just your dancing shoes) for an afternoon of live swing music. If the weather is cold, the dancing moves inside to the City Hall foyer.
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Heartbreak Hotel Valentine's Rave: A high-energy night of bass and disco for those looking to dance through Valentine’s Day.
Heated Rivalry Dance Party: A themed dance night at one of Edmonton’s most iconic live music venues.
For the Love of Psy IV: A specialized electronic music event focused on psychedelic trance and progressive beats.
Valentine's at Alchemy: A more sophisticated nightlife option featuring craft cocktails and a romantic atmosphere overlooking the ICE District.
Friday Night Open Mic: As part of the Indigenous Youth Rising Conference, enjoy an evening of live performances and open mic sessions.
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Edmonton Oil Kings vs. Calgary Hitmen: The "Battle of Alberta" junior edition. High-intensity hockey that is much more affordable than an Oilers game.
Barnebirkie (Children’s Birkie): A non-competitive cross-country ski event for kids, part of the Silver Skate and Birkebeiner festivals.
Cup of the North (Canoe Polo): Watch teams from across Western Canada compete in this unique indoor whitewater tournament.
World’s Longest Hockey Game: Stop by to cheer on the players at this charity marathon. It's a great spot to grab a hot chocolate and support cancer research.
Winter Bike to Work Day: Join the local cycling community for a morning pit-stop with hot treats to celebrate those who bike year-round.
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Indigenous Youth Rising Conference: A platform for Indigenous youth to connect, share experiences, and empower each other through workshops and speakers.
Tai Chi and Dance Classes: Free community wellness sessions held in the beautiful City Hall building.
North Edmonton Ramadan Bazaar: A community gathering and marketplace to prepare for the upcoming holy month.
We Are the Roots Film Screening & Discussion: A gathering for the "Aging Artfully" community to watch a film and engage in meaningful conversation.
Old Strathcona Farmers' Market Meetup: While a market, it serves as the community’s Saturday morning living room. Great for meeting neighbors over local coffee.
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Our Food & Drink, and Happy Hours sections are now featured exclusively in our sister publication Edmunchie.com : Click here
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It's getting cold... | ||
This Week's Weather |
Weekend Forecast: Edmonton, Alberta
A very consistent and mild mid-February stretch. While we won't see much sun, the lack of extreme wind chill and steady temperatures around the freezing mark make it a great weekend for outdoor festivals like Silver Skate.
📅 Friday, February 13, 2026 ☁️ Mostly Cloudy High: 3°C | Low: -6°C Summary: A relatively mild but grey day with a small chance of light snow flurries in the evening.
📅 Saturday, February 14, 2026 ☁️ Cloudy High: 0°C | Low: -8°C Summary: A standard winter day with overcast skies and steady, cool temperatures perfect for outdoor skating.
📅 Sunday, February 15, 2026 ☁️ Cloudy High: 0°C | Low: -8°C Summary: The cloud cover remains persistent, keeping the temperatures stable and the winds relatively calm for the weekend's end.
Source: The Weather Network - Edmonton |
In coming... | ||
Related stories from Edmonton Scoop |
💡 Answer to Trivia Question:
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