Complex sentence: The preliminary engineering of a park-and-ride at 127 Street SW and Ellerslie Road is completed, this will be a LRT station when the funds are available to extend the LRT over Anthony Henday Drive.
Split into simpler sentences: The preliminary engineering of a park-and-ride at 127 Street SW and Ellerslie Road SW is complete. A station will be located there when the funds are available to extend the LRT over Anthony Henday Drive.