Comment 111789

By Crispy (registered) | Posted May 27, 2015 at 11:10:15 in reply to Comment 111783

Unless I completely misunderstood yesterday, the province is paying $1B, not 100% of the direct costs. The Rapid Ready cost estimate was $811M +- 20%. Metrolinx estimate in 2013 was $1B. I think it's still reasonable to assume +- 20%. So that potentially has the price at $1.2B in 2013. Index that forward over the construction life, and the City is in for hundreds of millions of dollars that needs to be funded.

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