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Feb 9th, 2012 11:50 AM #766
Do you have a feasible way to fund this subway? Why is no one answering this question?
This is from the Post, before anyone screams "LIBRUL SOURCES!"
So, Ford's commissioned study by esteemed dentist Gordon Chong admits that you need substantial private sector financing and tax increases. I think we can all admit that neither of these options are realistic, since zero private dollars have been committed or even offered for this project.MAYOR’S FULL PLAN
(Including unfunded Sheppard extension)
Cost: $12.4-billion
Length: 37 km
Cost per kilometre: $335-million
Torontonians served (within 500 metres of rapid transit each way): 339,400
Cost per Torontonian: $37,000
Projected annual ridership: 111-million
Low income population served: 22,700
(Source: Pembina Institute)
Everyone wants subways, but critics point out that there is no secured funding to pay for the 12-kilometre Sheppard extension. A report commissioned by Mayor Rob Ford determined that the extension is “feasible” with substantial private sector financing and revenue tools such as parking taxes. “It’s not about subways. It’s how you pay for subways,” said Ms. Stintz. “And I’ve asked the Mayor repeatedly, ‘Show me a plan that pays for the Sheppard subway,’ and after a year we still don’t have a plan.”Last edited by flashy_mcflash; Feb 9th, 2012 at 11:53 AM.
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“[Mother Teresa] spent her life opposing the only known cure for poverty, which is the empowerment of women and the emancipation of them from a livestock version of compulsory reproduction."
- Christopher Hitchens
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Feb 9th, 2012 11:51 AM #767
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Feb 9th, 2012 11:52 AM #768
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Feb 9th, 2012 11:55 AM #769
Firstly, Ford's plan has no subway, it is simply burying the LRT in a special tunnel that will cost as much of a subway but not replicate a subway. Secondly, I fail to see how building a small stretch of this LRT at-grade, in an area with 6 lanes of roadway (and which will result in no loss in lanes for cars, constitutes the city abandoning subways altogether. No one is suggesting that in areas with adequate density (and no metric shows Scarborough achieving anywhere near the density required to recover costs of a subway now or in the next 5 decades), that subways should not be built. Building an LRT-style DRL would be a disaster, for instance, as the demand for a subway is there already. Thirdly, building the LRT at-grade but replicating the stop spacing of the proposed underground LRT would make no difference in speeds, be it below or above ground. I would be in favour of reducing the number of stops on Eglinton from 46 to 30ish (700-800m stop spacing) and have the scaled back bus route service the local stops (300-400m).
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Feb 9th, 2012 11:56 AM #770_______________
“[Mother Teresa] spent her life opposing the only known cure for poverty, which is the empowerment of women and the emancipation of them from a livestock version of compulsory reproduction."
- Christopher Hitchens
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Feb 9th, 2012 11:56 AM #771
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Feb 9th, 2012 11:57 AM #772
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Feb 9th, 2012 11:58 AM #773
Closed - per OP's request
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