Comment 118340

By kevlahan (registered) | Posted May 06, 2016 at 13:51:03 in reply to Comment 118336

I think you got the figures from Appendix A of the Rapid Ready report.

It's important to point out that the $33 million cost is not the "cost to taxpayers" (unless you're including fares as a cost to taxpayers), but the gross operating costs.

In fact, the total revenue is projected to be $29.2 million (p 20 of Appendix A), so the net cost to "taxpayers" is only $3.7 million: not very much at all. It could easily be a net profit if ridership is higher.

The potential problem for HSR is if Metrolinx doesn't share the revenue from the LRT. Without revenue from King/Main lines the HSR would be much more expensive to operate. However, Hamilton could also use LRT as an opportunity to grow HSR ridership, which would lower the cost of HSR to taxpayers.

Comment edited by kevlahan on 2016-05-06 13:55:26

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