They are pulling that $5 billion figure out of their ass. We would have figured the exact cost if they let the three bidders hand in their bid Spring 2020. But no, Doug was determined from day one to cancel the LRT.
First the PC party donated to an anti-LRT mayoral candidate, instead Mayor Fred got re-elected by a landslide (pro-LRT), froze property acquisition, than re-opened the property acquisition (bought even more houses and property) and now out of the blue they cancel it.
Ford was hoping Sgro won so he wouldn't have to do what he did today
Fred Eisenberger re-elected Hamilton mayor, defeats LRT opponent Vito Sgro
https://globalnews.ca/news/4581285/hamilton-election-day/