Quote:
Originally Posted by outoftheice
Again, there is only a single light rail project in the entire country that offers a positive return on investment. The chances are very good that if you ran Calgary's previous LRT expansions through a similar evaluation none of them would show a positive return on investment either. You may not agree with the idea but ask yourself what our country would be like if none of our major cities had ever built mass transit projects because that's essentially what you're advocating for. Governments are not businesses nor should they be held to the same standard. Many times the public good trumps the economic return on investment and the public good is what we should be making sure governments consider when making investment decisions.
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And again, the comparison to other LRTs is irrelevant and unscientific. Extremely dishonest, actually. It even says as much right in that steer report "each Business Case used different assumptions". The Green Line for sure missed a bunch of factors in their CBA, and it's likely the other independent studies did also, as well as using different timelines. Someone using this as an argument either does not understand this or does understand this and is deliberately lying.
Various public goods can be, and are, measured and estimated, but if the argument is that public transit has benefits that are too hard to capture, OK (though I have seen positive business cases for other projects, elsewhere, like HS2). But in that case you cannot use the inaccurate CBA as part of an argument. As in that case the choice with the best CBR would be to build nothing at all.
You actually have my position wrong, I do support public transit including the Green Line, though less so with the turbo-garbage on street section included. However I am disappointed that they have not bothered to do proper analysis of the costs and benefits, and I am actually shocked the federal government would fund something without one. When I make investments of much smaller amounts I do enough research to be sure there is a reasonable chance of a net positive rate of return.