The grant was renewed for two years, though the Foundation recommended the University of Alberta should assume financial responsibility at the end of that term.

In the mid-1990s, in response to a cut in its provincial operating grant, the centre launched a capital campaign (The Creative Edge).

The centre was designated as a National Training Institute by the federal government in 1999, and became home to the Banff International Research Station in 2003.

In 2013, the centre applied to the Canadian Radio-television and Telecommunications Commission to acquire two tourist information radio stations serving the area, CFPE-FM and CFPF-FM, from Friends of Banff National Park Fellowship, and to launch an additional new station, CJXB-FM.

[10] By 2015, however, CJXB had still not launched when the Banff Centre decided to discontinue all three radio stations in order to focus on a podcasting strategy.

[16] Banff Centre for Arts and Creativity facilities offer resources to support artists of all disciplines.

Banff Centre hosts 500 conferences a year, with proceeds dedicated to supporting arts programming.