The City of Calgary has agreed with the impacted property owners relating to the Green Line Beltline and Downtown Sub-Surface Integrated Station Project. This agreement involves concurrent negotiations relating to the stations which will be carried out in parallel with the P3 RFP process for the first phase of the $5 billion Green Line LRT Project.

The transaction involves the acquisition of strata space subdivided land and grant of related land rights, the development and construction of underground stations which are to be fully integrated with existing and future improvements, and long-term operation and maintenance obligations.

The first phase will connect southeast Calgary to the downtown core and into the existing LRT and MAX BRT routes, building 13 stations, 18 km of LRT track, three park-and-ride facilities at Shepard, Douglas Glen and Lynnwood/Millican stations, and one km of elevated track between 26 Avenue SE station and Ramsay/Inglewood station.

In line with the deal, the City and Harvard Developments have also entered into an agreement in principle concerning the demolition of Eau Claire Market, a construction lease, the purchase of lands for the construction of two stations, the construction of the stations and the purchase back by Harvard of strata parcels over the stations for redevelopment.

Major construction of phase one of the project, from Shepard to Eau Claire, is on track to begin in 2024.

The schedule will be determined through the development phase, but according to the committee, it should take around five to six years to complete based on other projects of that size.