Toronto Ontario Line 3 | ?m | ?s
- Thread starter JasonParis
- Start date
dowlingm
Senior Member
As far as the expropriations go, is there anything stopping the current owners negotiating that Metrolinx offer them right of first refusal on the property at the expropriated price? That provides an option for the seller to regain what they had should the works not cause any fundamental damage.
Of course, the neighbouring properties will have appreciated but the current owners will have had to find somewhere else to live in the meantime, so the gain they might seen to be making should be tempered by those outgoings. Metrolinx does lose out on the opportunity to make a capital gain but if they make a high enough offer to the seller, maybe they won’t have to worry about the option being exercised as the prior owner might actually be able to find something else in this god awful market.
Of course, the neighbouring properties will have appreciated but the current owners will have had to find somewhere else to live in the meantime, so the gain they might seen to be making should be tempered by those outgoings. Metrolinx does lose out on the opportunity to make a capital gain but if they make a high enough offer to the seller, maybe they won’t have to worry about the option being exercised as the prior owner might actually be able to find something else in this god awful market.
felix123
Active Member
This seems like a good idea to dispel my sense that if ML were to resell unchanged, expropriated properties for a profit, that ithat would constitute a form of corruption.
Northern Light
Superstar
A couple of Ford Ministers out this AM to engage in an @AHK is scooping us mitigation strategy.... LOL
They are on about groundbreaking at three of the Ontario Line Station sites King-Bathurst, Queen-Spadina and Moss Park:
news.ontario.ca
They are on about groundbreaking at three of the Ontario Line Station sites King-Bathurst, Queen-Spadina and Moss Park:
Ontario Newsroom
news.ontario.ca
kotsy
Senior Member
Update on the Ordinance Park emergency exit.
Piling has started on the South/East corner of the work site. The rest of the site appears to be for staging, which is why they've poured a concrete base.
Piling has started on the South/East corner of the work site. The rest of the site appears to be for staging, which is why they've poured a concrete base.
kotsy
Senior Member
At the end of this video the reporter says Verster wouldn't commit to the 2031 opening date for the OL and that there is a lot of work to do still
fanoftoronto
Active Member
At the end of this video the reporter says Verster wouldn't commit to the 2031 opening date for the OL and that there is a lot of work to do still
*Sigh* why can't Toronto ever get affordable, one-time, and quality transit construction.
Every project is a rinse and repeat of over-budget, delayed, and cheapened final product.
T3G
Senior Member
At the end of this video the reporter says Verster wouldn't commit to the 2031 opening date for the OL and that there is a lot of work to do still
*pretends to be shocked*
.
innsertnamehere
Superstar
I mean it doesn’t mean it won’t open in 2031, just that Metrolinx can’t commit to that date because, well, it’s 7 years away and the construction of the line is really just getting started.
Aplus23
Active Member
I mean starting station excavation before tunnelling should help, and the amount of elevated work should also make for speedier construction. But like everyone else, it's fair to be skeptical.
kotsy
Senior Member
This is non-sense. It doesn't matter how big a project is, they should have a plan on when things will be completed and be held to that. One can only hope he's not committing to a date because of the complete embarrassment that is the crosstown and not because they've already encountered set backs on the OL.
innsertnamehere
Superstar
Setting a hard deadline 8-10 years out is ridiculous on an $11+ billion project.
The line will likely open around then and I'm sure 2031 is the target date, but a million things can happen on projects. Metrolinx and the TTC have been burned bad by the media on promising opening dates enough times now that they don't want to discuss them any longer. Target opening dates have always been that, targets - but the media treats it as a profound failure to miss it.
This far out they can never be more than an approximate target, and it's very possible it happens. Finch is opening basically on time, for example, but large infrastructure projects often hit snags and delays which are basically unavoidable and uncontrollable. It happens when timescales are that large.
The Crosstown is a fairly extreme version of a delayed project which is why I think so many people are so sensitive to it in the City right now. Most of the time a project isn't 3-4 years late like the Crosstown, more like 6 months or a year. And the latter is very common. There is no reason to believe the OL will be a repeat of the Crosstown, in fact, it should be the opposite as Metrolinx has applied a lot of lessons learned from the Crosstown to the OL in it's design to avoid the critical delays that the Crosstown faced.
AlvinofDiaspar
Moderator
There is nothing ridiculous about it - what's ridiculous is an agency refusing to do so for fear of not being able to meet it. A million things can occur in projects historically - it never stopped anyone from setting deadlines. The issue here is extreme sensitivity to image management, not because of unknowns that are somehow unique to Metrolinx.
Can you imagine in any other setting in infrastructure and construction projects where an organization gets a pass for saying, "hey we don't want to give a deadline because we might look bad if we blow it?" They certainly won't accept that from their own contractors.
AoD
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Towered
Superstar
Maybe expectations could be better managed if instead of announcing a specific completion date, such as 2031, they would give a window instead, such as 2031-2033 or something like that.
Amare
Senior Member
Choosing Acciona to build part of the Ontario Line would say otherwise, and that Metrolinx sure as hell as not learned anything.