innsertnamehere
Superstar
given the 407's private ownership it wouldn't surprise me if we see the company undertake privately-initiated expansions at some point as capacity goes overboard. At a certain point the revenue potential from additional capacity pays for any expansion.I think it is fair to point out that buying out the lease for the 407 and dropping tolls wouldn't actually add much effective capacity to the highway network. It might reduce some VMTs directly by having people take more direct routes, but the 407 would be instantly jammed and there would be no way to cross the region quickly at any price (short of a private helicopter). Perhaps the 407 could be expanded further? The 407 ROW is generally fairly large, but I'm not sure how much further it could be widened without some expropriation. Normally I would balk at buying out the lease (at least half of it is going to CPP), but it might be a better option than spending $100B on a 30 year megaproject.
There is definitely room for a collector-express system on the 407. It would be very expensive to upgrade the highway to such a design, but is the land is likely there with minimal expropriation.
The demand just isn't there for it right now as it's only starting to approach capacity in it's central sections.