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By kevlahan (registered) | Posted May 27, 2015 at 14:16:25 in reply to Comment 111778
As I pointed out in a response to this claim in a comment to another article https://raisethehammer.org/comment/11179... the province very clearly promised to pay 100% of the capital costs, and it has estimated these costs as no more than $1 billion.
And don't forget that one of the main reasons the Province agreed to fund Hamilton's LRT is that it will bring many millions in new taxes annually from new development along the line (one additional new tall condo building alone can bring in 750k). That was a strong reason to end the line at Queenston since the economic development potential is less in the final 3km (as mentioned during the press conference).
In any investment you can't talk only about the (potential) costs ... you have to consider the benefits as well!
Comment edited by kevlahan on 2015-05-27 14:20:50
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