I think the 16th avenue & Bowness road corridors in Montgomery would be a great location for a athletes or media village. Right between the U of C and COP, also easy access out of the city to the mountains. The area is already zoned for increased density. The bonus would be to replace the seedy motels still there (The Olympia, Red Carpet Inn, and the Travelers inn).
http://www.calgary.ca/PDA/pd/Documen...ery-Zoning.pdf