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Budget 2017 allocated funding to begin building an interchange at Deerfoot Trail (Highway 2) and 212 Ave SE in Calgary. The estimated $25 million project costs will be shared equally between the Government of Alberta, the City of Calgary and a consortium of developers led by Brookfield Residential.
The project is scheduled for completion in Fall 2019.
When completed, interchange will allow for the development of land in Seton, Rangeview and Cranston. It will also improve access to the South Health Campus and additional emergency services, a station for the Green Line LRT, and to commercial and office areas.
Brookfield Residential estimates that this project will support more than $4 billion in economic activity and approximately 25,000 jobs during development.
The interchange would provide a secondary access point for Cranston and Seton, and will be the first major road leading to the new Calgary community of Rangeview.