http://transformingedmonton.ca/takin...east-update-4/
City of Edmonton update No. 4
Although behind schedule, this phase pushing ahead in 2014 with the City funding part of the province's traditional contribution through an interest free loan from the province (since converted to a grant by the province) appears to have been a risk worth taking especially with energy prices busting mid 2014, yes over 5 years ago the Saudi's let prices fall.
https://markets.businessinsider.com/...price?type=wti
https://transformingedmonton.ca/the-...nt-and-future/
If they had waited, advanced this project under the Federal Liberal-Alberta NDP cycle instead of the Federal Conservative-Provincial PC's, it would still be under construction, but would they have had any chance at Valley Line West or the Blatchford Extension like they did in the Federal Liberal-Alberta NDP cycle, no. Will the city take on some risk again? So far it looks like it.
Calgary in 2014 had completed the West LRT in 2012 and had a funding hangover (i.e. were burnt) from provincial government "cash-flow re-profiling." Calgary also opened the Tuscany LRT Red line (or NW line) extension in August 2014 and no new LRT was to happen "for a long while." The SE councilor pushed to advance what would become the Green Line for this cycle, the Federal Liberal-Alberta NDP cycle. Now no provincial funding for this provincial government's term (4 years) that can't be clawed back for both YEG and YYC. Who knows what's going to happen in Calgary; it's city politics is well, not harmonious.