Queen's Park needs to stop dicking around and get the one-stop extension built. Nobody loves this proposal, but it's surely better than nothing.
https://www.cdpqinfra.com/en/canada...étropolitain-project-128-billion-15-year-loanCanada Infrastructure Bank invests in Réseau express métropolitain project with $1.28 billion, 15-year loan
REM project financing completed
Montréal, August 22, 2018 – Canada Infrastructure Bank and CDPQ Infra, a wholly owned subsidiary of Caisse de dépôt et placement du Québec, have reached a business agreement on the investment by Canada Infrastructure Bank in the Réseau express métropolitain project (REM) in Montréal, a 67-km, light rail, high-frequency network with 26 stations.
The $1.28-billion investment completes the project’s $6.3-billion financing. The agreement is subject to the execution of the final documentation.
“We are pleased to participate in the funding of this important public infrastructure project,” said Pierre Lavallée, President and CEO of Canada Infrastructure Bank. “Public transit is one of our priority areas. Our role is to invest alongside private sector and institutional investors, and other public-sector partners to facilitate the development of strategic projects like the REM.”Construction of the REM began in April 2018. The first trains are scheduled to run in the summer of 2021.[...]
“We are very pleased to welcome the Canada Infrastructure Bank as a partner in the REM project. With this $1.28-billion investment, the REM’s financing is now fully completed. The construction of the project is progressing well and will intensify in the fall,” said Macky Tall, President and CEO, CDPQ Infra.
I think we might be overthinking the cost/complexities of tinkering with the project. Ignoring bringing the line further to Sheppard, which seems more off the cuff musing than a legitimate plan, adding a station at Lawrence doesn't seem too complex as an addendum to the project. Change construction method (from single bore to twin), change vertical alignment (i.e make it shallower by 5-10m) while keeping identical horizontal alignment. Then add station in. Similar has been done before, even recently.
Line 3 issue would be bad either way. Probably have to get more trains from Vancouver. Maybe Detroit.
deferred to AprilWasn't their supposed to be an updated City report on the costing for this? The one they were burying before the municipal election?
Did I miss its release?
In my opinion no news is bad news on that front.
deferred to April
But even there - on Yonge Street, with huge land values and development potential and in-place high-density permissions, I bet you'd fall way, way short of what Yurek et al seem to be imagining is possible in Scarborough. Getting developers to chip in is not a bad idea. Imagining they'll just produce the massive funding you don't want to pony up is a delusion.)
Totally agree.
My question - other than the naive idea that developers will line up to pay the full shot, how is this concept different than what was passed by the last government, which provided for development charges to be set with reference to proximity to transit?
Why not just set the development charges to reflect the correct contribution, and then fund the rest. Just get on with it.
- Paul
Yeah - and the Star article suggests there is no clear reason for this. On the other hand, what difference does it make knowing the cost of the 1-stop subway if we're now back to the 3-stop subway? the whole thing is such a circus at this point.
(FWIW - I'm well-established here as a supporter of the Yonge extension and there is a situation where I bet you COULD get private sector support for building at least some of the subway stations. Gupta has a huge proposal for Yonge/Steeles and I bet they'd pony up $ for a station under their building and certainly the consortium at Langstaff/RHC would, especially if it would get the ball rolling sooner. But even there - on Yonge Street, with huge land values and development potential and in-place high-density permissions, I bet you'd fall way, way short of what Yurek et al seem to be imagining is possible in Scarborough. Getting developers to chip in is not a bad idea. Imagining they'll just produce the massive funding you don't want to pony up is a delusion.)
The problem with knowing the cost of the one stop plan is that it sets a costing benchmark. If they announce the new cost is $4 billion - $5 billion, then we know a three stop solution is likely $6 billion - $7 billion when it's all said and done (including inevitable cost escalations, etc.).
That area of Yonge lacks any kind of legitimate density. A developer would have to be given a large area of land to develop. Assuming it could be done (I don't believe the government owns all of that land), would the billions a developer would need to invest be worth it in the long run? Probably not.
A decade ago, this was an option, and likely the best option - if you mean extending it north-east.Maybe I am naïve but I will never understand why they don't just replace the cars and extend the actual line.
Projections would now have over 12k passengers (*) per hour transferring from the SRT route to the B-D. (possibly some may transfer to Eglinton LRT). This is a huge number - maybe the equivalent of forcing every third peak Yonge subway train to completely empty out and do a transfer. The Scarborough public would not expect this and does expect that transit should actually be getting better.How is expanding the SRT second class?