CALGARY -- The provincial government has announced a funding commitment of $40 million for the Glenbow Museum in downtown Calgary.

During Friday morning's announcement, Premier Jason Kenney said the museum, which opened in 1966, is in need of repair as its roof leaks and there are questions regarding its structural integrity.

The upgrades will now allow Glenbow to display its entire $163 art million collection, the majority of which is provincially-owned.

"Finally, this investment by taxpayers is part of our government’s commitment to grow the economy and create jobs by maintaining record investments in infrastructure, even during times of fiscal restraint," said Kenney.

Kenney added that the investment will create an estimated 650 jobs and are part of a plan to double tourism in Alberta.

Glenbow CEO and president, Nicholas Bell, says he’s excited about new additions to the building which will include meeting spaces for rent, a restaurant, enhanced retail experiences and a flexible-use theatre.

"We are ecstatic that this support from the people of Alberta and Canada gives us an opportunity to reimagine our place in the heart of Calgary’s cultural district," said Bell. "We have ambitious plans to revitalize Glenbow to better serve the diverse needs of all Albertans."