Ehhhh, in the grand scheme of things 2nd St SW is one of the least painful routes they could take. It doesn't have any bus routes on it, doesn't connect between downtown and the beltline, and north of 4th Ave in particular is super-quiet at all hours (although that's true for most streets downtown). The avenue crossings will be painful, but it'll be nasty no matter which street they chose to run under.
2nd St has the benefit of being pretty much right up the gut of the densest part of downtown so it should be far more convenient for transit users than, say, running it through the East Village (I can't remember which bozo councillor's idea that was), while also being a far less busy street than all the other ones around it. From 5th St SW to Macleod Trail/2nd St SE it's easily the quietest street we have, other than 3rd (which I don't think is wide enough anyway). Sleepy streets like 6th or 7th are so far west it would be a bigger pain in the ass getting it that far over from Inglewood/Ramsay and Centre Street, and the stations would be blocks further from the busy parts of the commercial core.
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