I know I am going to get roasted for this but..................I'm glad Smith pulled the funding.
This line has been a mess from start to finish and it is 100% the fault of the City. It was NOT the province that broke the contract but rather Calgary. The deal they had with the province is that you get a certain amount of money to build a particular line {or length thereof}. It not a blank cheque to do with however you please. When Calgary shrank the agreed upon length and stations of the project, Calgary that broke the agreement, not the province. The province pulled the funding because Calgary wasn't living up to it's part of the bargain, not the other way around.
Calgary should keep the current route from Inglewood south but it should then continue north with a station roughly near City Hall. It can then interline with the Blue Line eastbound over DF and take the Deerfoot Valley north to the airport with stops in the middle such as the huge industrial areas and the hotel districts. Remember, effective transit not only has to be close to where people live but also close to where they are going and the area has a huge employment base. After the airport it can eventually head north and connect up to the existing freight line to serve Airdrie. This short interlining with the Blue Line would save a LOT of time & money and make for easy transfers between the 2. This would require the Greenline to use standard CTrain high-floor LRTs which is a good thing. High floor trains have higher capacity, lower operational costs per-passenger travel, require less maintenance, have a higher top speed which will be important for an eventual extension to Airdrie, last longer, and would not require a completely new operation/maintenance centre. Low level trains are ideal for local streetcar like service but are a very poor choice for a CTrain type system but don't take my word for it, just go ask Ottawa.
Yes, it would require some on the furthest western parts of the downtown to transfer but the trains on the transit mall are very frequent. This proposal {which is basically what Smith is proposing} serves downtown and the airport while still serving the southern areas it was originally designed for but at a vastly cheaper cost and much faster to build. Calgary has blown this project and, in my opinion, due to Calgary's complete incompetence, the province might be the best apparatus to get this project moving again.