Quote:
Originally Posted by Snark
Development charges primarily fund expansion of networks to service that new growth. If new growth slows, then in theory the demand for network expansion also slows. There is still funding from other sources for capital improvements to existing infrastructure. Where it could be tricky is where development funds pay for a portion of upgrades to existing assets (using a formula).
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Ya we're like 30 years behind on infrastructure expansion, we need to build more just to serve the current population properly... Not to mention the cost to fix old infrastructure is going to cost more here than in a newer city.
Ex London has a lot more 100 year old / aging infrastructure than say Brampton. Even if both cities had flat population growth, it's going to cost more to just maintain what we have here in London.