Quote:
Originally Posted by Tron_fdc
So should we wait until we hit a low point in the cycle, or build the the thing over 50 years?
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This is, in fact, the best way to build infrastructure.
Also, the councillors are totally right that there are better ways to spend the money. But their timing is awful. We should've told the province to upgrade our LRT with the money instead as soon as they suggested any part of the ring road.
From what I've heard though, there's a really silly political reason why the province prefers the ring road - it stays on their books as an asset. They can spend $5 billion on a road, and have a $5 billion road. They haven't really lost anything, they've just converted cash to an asset. If they spend $5 billion on LRT, which is given to the city, they're $5 billion poorer.
It's all totally nonsense, but you can spin the accounting for the ring road in a way that you can't for the LRT (unless the province were to somehow retain ownership of it).