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By -Hammer- (registered) | Posted April 26, 2013 at 16:14:07 in reply to Comment 88210
Just to add, as good an idea the LRT project is, there is no way the City of Hamilton can go it alone on this project.
Regardless if you agree or disagree with the stadium development, is around a quarter of the cost of an LRT B Line and it put a substainial strain on the city's finances. I know there are many who is disagree with me on this one, but the benefits of an LRT do not justify the costs of a city having to service an $80,000,000 loan, which effectively would become another infrastrucutre cost, which we all accept is currently out of control in Hamilton.
If the Province or Feds aren't willing to shoulder the lions share of this development, it's not something we should be considering at this time. Just my two cents, like I said I'm sure many may disagree with me on this one.
Comment edited by -Hammer- on 2013-04-26 16:15:16
Still waiting for the Randle Reef mess to get cleaned up, but hopefully not much longer!
http://www.cbc.ca/hamilton/news/story/2012/12/18/hamilton-randle-reef-announcement.html
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