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By kevlahan (registered) | Posted May 16, 2016 at 12:00:02 in reply to Comment 118598
Again, the Province has stated clearly that it will be responsible for ensuring the project is kept within the budget. They explicitly stated the City will NOT be liable for any cost overruns.
It is simply not true that most LRT fares will be "subsidized", especially as LRT has been shown to attract wealthier residents who refuse to take the bus. It is also not fair to say that Mac students fares are subsidized: they have negotiated a deal with HSR where all students pay a reduced pass for 8 months whether the students use it or not. The HSR did not negotiate this on a subsidy basis, but on its business case!
Hamilton accounts for about 4% of the Province's population, or 9% of the GTHA's population so yes, we will pay 4% to 9% of the cost! Sounds like a pretty good deal to me (compared with K-W who had to pay 33% of the cost from city property taxes AND their contribution to the Province's contribution!).
Autonomous cars will be coming, but there is still not enough space on the roads in medium and large cities for everyone to travel by private vehicles.
Comment edited by kevlahan on 2016-05-16 12:01:41
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