Revised no-cost Calgary to Banff rail deal hinges on province’s rail master plan

By Jessica Lee Local Journalism Initiative Reporter Proponents of a commuter rail connecting Calgary to Banff hope to sweeten a deal with the province in response to Alberta’s rail master plan which envisions tying the Rocky Mountain parks to Calgary, Edmonton and surrounding communities via passenger rail. In a move it hopes will help facilitate this, Banff-based Liricon Capital and its development partner, Plenary, say if the province builds a rail line from the Calgary International Airport to a central terminal in downtown Calgary, connects regional rail with the city’s Green Line and fixes a downtown pinch point, Liricon and Plenary will develop, build, and operate a line from the city to Banff at no cost to the province. The proposal also requires the Calgary airport to downtown track to…

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