Originally Posted by Ferreth
Some calculations to put this into perspective:
So, let's call the cost of the whole green line $4Billion. We just need to assess every man, woman, and child living in the city $3,333.33 and we can build it tomorrow. Want some more tunneling? Add another $Billion for $833.33 per person.
Yes, that is a ridiculous way to fund something, but illustrates the scale of funding compared to the size of the city.
Forget about the Feds bailing us out. At best, Toronto got 1/3rd of a line funded, the Spadina extension got $700 out of $2600 millions, or 1/4.
Alberta Government funding? First we have to split evenly between Edmonton and Calgary, because politically that's how things are done around here. That works out to $2000 per person in our half of the province.
Let's stick with our Alberta example, and really rub salt in the wound, tally up the per household cost (average size 2.5) we are at $5000, and since a certain percentage of households will not be able to pay, or pay a lot less, I'll say the average would be more along the lines of $6000
If the Feds kick in a 1/4, and perhaps we tap rainy day funding a bit we are down to $4500 per household. Over 10 years, $450 per household, each year. About a 20% increase in taxes, if we assume every household pays, directly or indirectly.
My point is, even with tax increases to help pay for all of this, we are not going to get a $4 billion dollar line built in the next 10 years, barring political financial suicide*. The 20-30 time frame is realistic, even if we don't like it.
* Personally, I'd be happy with %20 higher taxes, for what it could pay for, not just green line but many things beyond that. But too many people don't look beyond our city and realize we have low taxes, but are paying an ever increasing price in lack of infrastructure. They just see that their property tax went up %5 again and scream bloody murder. Perhaps as traffic and transit become ever more grid-locked some will to spend and fix these problems will emerge.
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