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Originally Posted by lubicon
Given the current state of the Provinces finances I would say this is anything but a forgone conclusion. Add in the uncertainty of the federal election outcome and the fact the City has almost zero dollars laying around and the skeptic in me says this project is still very much in doubt. But I would love to be proven wrong by all three levels of government.
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The province transfers a whole lot more money to the city than the necessary $76 million a year for this.
I doubt the city would be looking for an over and above special commitment for this.
The province could play games re: P3, but it would be stupid.
All the province needs to do is send a letter indicating that beyond the original MSI agreement, MSI and gas tax will continue to flow at some level, and would be available for projects like the Green Line.
Depending on how the financing is structured they might not need to contribute anything for many years, as the federal commitment is over 20 years.