As the price of oil continues to hover around the $US50 mark, there was some talk in January about the province reassessing its capital spending priorities in the face of falling revenues and royalties, and one of the items discussed was cancelling the planned southwest ring road. However Premier Jim Prentice recently told AM770 the project still had the green light.
The southwest leg of the ring road would help create a true circle road around the city, and that section comes with a $5 billion pricetag. In addition, from a Calgary real estate perspective, would pave the way for land development south of the Tsuu T'ina Nation in what is known as the Providence area, which is south of 146 Ave and north of Hwy 22x, west of Bridlewood and Evergreen. That 800 hectares of land was annexed by the city in 1989, and could be home to some 40,000 Calgarians in the future. The city has begun the planning process for those new communities and full development won't be completed until the southwest section of the road is completed.
The southwest leg of the ring road will run from 69 St. SW on Glenmore Tr./Hwy. 8 south to Macleod Trail. The road will be some 16 km long, with approximately 10 km of connector road upgrades. The large project will include 37 bridges including over the Elbow River and Fish Creek, one rail underpass and a total of 13 interchanges.
The first tangible construction is set to begin in June this year with a new storm sewer line that will replace the existing South Richmond Storm Trunk, that runs into Tsuu T'ina land. The new line will be completely within the city limits.
Talking about the city's ring road as a whole, the west section still needs to be built. It runs from the Trans Canada south to 69 St. SW. and will be 15 km long, so there are still some 31 km of the road left to be built. And when it's all said and done, the Calgary Ring Road will be 101 km long.
The province and the Tsuu T'ina nation finally came to a deal on the road in 2013 after years of negotiations to allow the road to be build on First Nations land. The road is expected to be complete by 2020.
Ryan MacDonald, B.Sc. Real Estate Professional
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