Quote:
Originally Posted by go_leafs_go02
Rehabilitate it? Are you serious? Why, because it would be cheaper, but oh wait, you'll have to rehabilitate it all over again in 10 years.
|
A lot of bridges were built in the 60s and then all construction stopped in the mid 70s. That's one way to solve a provincial budget problem. Other than the Surrey Skytrain and Alex Fraser bridges, nothing was built until Golden Ears last year. (well, the Lions Gate had a big rehab around 2000)
Instead of saving money during the years when no bridges were built, it was spent. Now there is no cash reserve, and we've borrowed a heck of a lot of money through P3s without even replacing half of the bridges from the last big round of building. It's unsustainable, the bridges even cost too much without adding financing costs.
It's not entirely the provincial government's fault, corporations went multinational and with acquiescence in Ottawa have been able to take their profits tax-free via tax dodging through transfer pricing and shelter structures. Little guy has less money to tax, and what the little guy does have is being directed to record mortgage payments.
Don't forget the downloading of costs to the province in the 90s. Costs from schools to healthcare have been escalating without relent. The logging industry. It's time we all sat down and had some big adult conversations.