Archive for March, 2014

Edmonton Valley Line LRT

Thursday, March 27th, 2014

Edmonton Valley Line LRT received provincial funding!

After the Alberta Government released the 2014 Provincial Budget, which did not include $365 million still needed to get the Edmonton Valley Line LRT built, many Edmontonians had their doubts the project would still go through. However, those thoughts were put to rest when Alberta Premier Alison Redford announced the province will provide up to $600 million to help finance the project. The financial aid breakdown is as follows:

  • • Up to $250 million over the course of three years under GreenTRIP.
  • • Under the new Building Canada Fund up to $150 million in matching provincial funding.
  • • An interest-free loan of up to $200 million to be repaid by The City of Edmonton over 10 years.

The Edmonton Valley Line LRT will run from Mill Woods to 102 Avenue in Downtown Edmonton. As of today, construction is scheduled to begin in 2016 and will hopefully open to the public by the end of 2020. This news was especially well received by residents in southeast Edmonton who have waited nearly a decade for an LRT expansion.

  • • Other Edmonton LRT lines include:
  • • Capital Line: from northeast Edmonton to Heritage Valley
  • • Metro Line: from St. Albert to Health Sciences LRT Station
  • • Festival Line: from Sherwood Park to Ellerslie

Check out the City of Edmonton website for more information on future Edmonton LRT lines.

Are you looking for a southeast Edmonton Luxury home? Get in touch with Team Paranych today! This team will help you find the best Luxury Edmonton real estate that fits your needs and lifestyle.

Search Edmonton Luxury Homes $1,000,000 + Selling A Luxury Home Buying A Luxury Home
Serving Edmonton, St Albert, Sturgeon County, Sherwood Park, Strathcona County & Parkland County

Choose Your
Luxury Community

Select An Area

stalbert nw inner ne sturgeon west sw se millwoods sherwood
Terry Paranych & Rob Halabi RE/MAX Elite
7815 101 Ave, Edmonton, Alberta, T6A 0K1 | Tel: (780) 919-8180 | Email: Click Here
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.