smallspy
Senior Member
$2.5 billion dollars = The cost of the subway plan in 2010 dollars. This is the number that they should be using for comparisons. It is $700 million more than the original budget for the LRT.
Except that it needs to have some additional costs added to it, such as the $100+mil to keep the current SRT running until then, cancellation costs regarding the LRT conversion, etc. The $2.5bil in and of itself is not an accurate number, as it didn't include all of the costs associated with that option. The $3.56bil number may not be completely fair, as it includes inflation since then, but it is accurate as it does take into account all of the additional requirements.
The $1.8bil for the conversion did include all costs associated with the work - the new yard and connection track, additional buses and operators during the conversion, etc.
Dan
Toronto, Ont.