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Built at a cost of $3,500,000 CAD, the tower was a joint venture between Marathon Realty Company Limited and Husky Oil. The landmark was intended as urban renewal program for Canada's Centennial.
The column of the tower was built from a continual pour of concrete. Pouring began May 15, 1967 and was completed 24 days later.
It opened to the public on June 30th 1968
Originally called The Husky Tower it was officially renamed The Calgary Tower on November 1st, 1971.