Mississauga has no money to pay for planned $1.6-billion LRT
http://www.mississauga.com/news-story/52...oney-to-pay-for-planned-1-6-billion-lrt/
Mississauga’s mayor and city manager made a stunning admission Wednesday, stating that a planned $1.6-billion LRT along the city’s main thoroughfare is likely to be cancelled if the province can’t pay the full cost.
“I think there would be a very serious review of the feasibility of that project, from our perspective,” city manager Janice Baker said after Wednesday’s council meeting when asked why no money was being set aside for the project in the city’s 2015 budget, currently being presented to council.
If the province decides Mississauga must pay for even one-third of the cost, a common model, “I would say as the city manager my recommendation to city council would be that the impact of that on the property tax payer would be so onerous as to be impossible,” Baker said.
Mayor Bonnie Crombie said that “at the very least, it would be significantly delayed.” If the LRT isn’t 100 per cent externally funded, “There would be a very serious discussion with our council on if we want to proceed with it.”