Highways in Canada

[Djeffery]

I didn't agree with selling off the 407 either, but I wonder if the province had kept it, what would it look like today? Would we be looking back at what a great highway it is? Isn't this kind of like looking at a house you sold over 20 years ago, seeing what it's worth today, and thinking you gave it away?

I heard Steven Del Duca on the Toronto Mike podcast yesterday mention it. Said Harris sold it for about $3B and it's worth over $13B today (and the lease is ironclad). But what would the 1998 version of the 407 be worth today? How much did the consortium put into it over that time? And how much would Ontario have put into it over that time themselves, and how much longer would the various extensions and widenings have taken? It would probably still end at highway 7 today if the province owned it, and the tolls would likely be as high (although fluctuate every election cycle until they creep up again).