While Victoria Park fell into steady decline, it was not until 2007 that the final buildings were removed, paving the way for both an expansion of Stampede Park and an urban renewal program for the area. With the land finally secured, the Stampede organization embarked on a $400-million expansion that is planned to feature a new retail and entertainment district, an urban park, a new agricultural arena and potentially a new hotel. The expansion was originally planned to be complete by 2011, but delays and an economic downturn have pushed the expected completion of the project back to 2014.