Ford government budgeting $25 billion for four Toronto transit projects, sources say
It seems there might be some superb RE investment opportunities on the horizon given the seemingly concrete actions being taken by the Ontario government.
A look at how the province’s plans differ from the city’s efforts:
Scarborough subway extension
City council has approved a one-stop subway extension of Line 2, terminating at Scarborough Town Centre.
The province wants to build a three-stop extension of Line 2, continuing north from a stop at Scarborough Town Centre.
Eglinton West extension
City council and the TTC prefer a surface-level extension of the Eglinton Crosstown LRT line, according to the letters.
The province has proposed a significant portion of this extension be built underground.
Relief line south
The TTC previously had plans to have the relief line use “existing technology and traditional delivery methods” currently being used on Line2, according to the letters.
However, the province now says city council and the TTC are contemplating using a different technology for the project than the one currently being used on Line 2.
Yonge North subway extension
The province wants the progress of this project to run in-parallel with design work related to the relief line so the “in-service date for the extension is fast-tracked to the greatest extent possible.”