In 1912, Weadick travelled to Calgary, where he met with H.C. McMullen, a livestock agent for the Canadian Pacific Railway.

Weadick gained financing from the Big Four: George Lane, owner of the Bar U Ranch; two other wealthy ranchers, Patrick Burns and A. E. Cross; and A. J. McLean, provincial secretary.

He staged the first Calgary Stampede September 2–7, 1912, when ranchers and farmers had finished the harvesting and would be free to attend.

The prize money was about four times the closest competition, causing riders from across North America to arrive in the 1912 Stampede.

The tipi owners have indicated that Indian Village is a place and a name with great historical significance and honours the role of Guy Weadick and the relationship with the Stampede throughout the 20th century.