Comment 52450

By A Smith (anonymous) | Posted December 01, 2010 at 13:58:17

P.Coward >> LRT opponents don't have the benefit of evidence in defence of their position

There are many people worried that LRT will cost more than it delivers in benefits. Ryan McGreal has responded by saying this...

"When a city builds LRT and streamlines the regulatory investment process inside the area planners call the “transit-oriented development corridor” — a walkable stretch of land about half a kilometre to either side of the line — the return on investment is impressive.

For every dollar the city invests in building LRT, developers invest up to $10."

If this claim is true, then it also stands to reason that current property owners along the proposed LRT line have the most to gain, in terms of increased property values and rental income.

The question to LRT supporters is this, why should taxpayers fund a system that will disproportionately benefit property owners who live near the line? If these people will be the prime beneficiaries, why can't they finance it, rather than taxpayers?

I have yet to get an answer to this very simple question from LRT supporters, why is this?

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