Relevant bit from the report:
http://mayorscouncil.ca/wp-content/uploads/2014/06/MayorsCouncil_Vision_June-12-2014.pdf
Quote:
This Vision calls for rapid transit between Commercial Drive and the University of British Columbia. The first 10 years of the Vision targets implementing the first phase: extending the Millennium Line westward from its current terminus at VCC-Clark to Arbutus, with frequent B-Line bus connections continuing to UBC from Arbutus. This project will also result in greater frequency on the Millennium and Evergreen Line (2016), which will benefit riders from across the region. During the design process for the first phase, all stakeholders will work together to conclude how and when to complete the next phase of rail to the Point Grey campus.
This line will bring provincial, regional and local value. The region is committed to constructing and operating the extension as a tunnelled alignment along Broadway, contingent upon a Partnership Agreement being established with the City of Vancouver. The City of Vancouver will be responsible for the incremental cost associated with any additional tunnelling beyond technical or functional requirements consistent with operational capacity for other rapid transit systems within TransLink. The Partnership section of this Vision outlines the basis by which the region and municipalities will formalize these partnerships. This Agreement will outline the reciprocal commitments by TransLink and the City of Vancouver in respect to land-use assumptions and actions, investment in connecting municipal infrastructure, and direct financial contributions.
This project also depends upon funding partnerships from other governments and the private sector. This funding will also be pursued as a matter of priority to ensure early implementation can occur.
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Sadly the Arbutus phase is 6-10 years out. The UBC phase could be at least a generation away.