An artist's rendering of the Eau Claire area that will be redeveloped as part of the Green Line LRT project.
Tuesday's council vote to cut six stations from Phase 1 of the Green Line was not the first time the project has seen its costs go up and its reach diminished.An artist's rendering of the Eau Claire area that will be redeveloped as part of the Green Line LRT project.
Calgary Mayor Jyoti Gondek answers questions about the scaled-back plans for the city's Green Line on Wednesday. The early maps of the Green Line showed it stretching from 160th Avenue N. to Seton in the south. This was often misinterpreted as showing what the money would be used to complete, even though city officials — and the former mayor — stated repeatedly this was just a sketch and that no design work had been done.
As the work progressed, it was realized the city would face $600 million in borrowing costs to pay banks for the money it needed to complete the Green Line, bringing the budget to a cool $5.5 billion. The changes reduced the new project budget to $6.2 billion, which meant the city needed to rustle up an extra $700 million. It did that through a variety of sources — including over $200 million in surplus cash from last year's budget and an increased dividend from the city-owned Enmax utility.Construction is scheduled to begin this fall.
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