The Government of Alberta, the City of Calgary and Brookfield Residential are working together to build a new interchange at Deerfoot Trail and 212 Avenue SE.
The interchange will provide a new access point for the south Calgary neighbourhoods of Cranston, Seton and the future district of Rangeview, costing an estimated cost of $40 million.
Brookfield Residential believes the project will helps support the potential for more than $4 billion in economic opportunity and more than 25,000 new jobs during the development of the adjacent lands.
“As Calgary continues to grow, this interchange will keep Calgarians moving while opening up this corner of the city for development,” said Mayor Naheed Nenshi. “Our investment in this project is an important investment in the future of our city.”
Project costs will be shared equally by all three partners with a potential start date on construction of Fall 2017.