Comment 27167

By kevlahan (registered) | Posted November 05, 2008 at 17:32:10

Hammerhead,

The province is willing to put in the "lion's share" of the funding, which gives Hamilton's contribution strong leverage.

LRT would lead to very significant economic development and growth in our tax assessment base. This means that Hamilton would turn a large net profit over the medium and long term.

It is also a basic principle of economic theory that governments should make infrastructure investments during recessions, in order to keep people employed and companies in business. In 'bright' economic times government spending is not needed.

Finally, LRT is basic infrastructure! There is no reason to put LRT in a different category than other infrastructure investments (like the Linc/Redhill freeways, road re-surfacing and servicing business parks). In fact, the main difference is that investment in LRT has been shown over and over to provide a high return on investment to the city (something our investments in roads and business parks have not done).

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