As a conference planner I can tell you that this is one of those projects that helps move Calgary up the convention destination ladder, especially if has a stop at the airport. The last conference I planned for Banff nearly all 200 attendees rented a car - solely to get from the airport to the Springs. Their cars sat in the lot for 3 days.
It would also make single day trips easier for convention attendees. More flexibility, classier travel.
In terms of costs, if driving, don't forget to add the fee for entering the park (what is that now? $15?).
Would a train shorten the trip?
A train runs from downtown TO to Niagara Falls in the summer. It has proven popular enough that they have increased the schedule. I have not heard any anecdotal evidence about convention goers using it. I think it is mostly those who live downtown without cars on that train.
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