TOareaFan
Superstar
The immediate plan is to try and implement what's left of the First Wave projects, and then implement the Next Wave projects (Yonge extension, DRL, Hurontario LRT, etc). Eventually this revenue will end up funding a substantial part of the 25 year plan.
Of course, the extra benefit that this adds is that projects can proceed through the pipeline without the worrying question of "will there be funding waiting for us at the end?" Because now, for projects like the Yonge extension, the answer is no.
But if that revenue stream is there, and barring some major political shifts will continue to be there, that just takes one worry out of the project planning.
Question though: Does anybody know if the Next Wave projects include the unfinished portions of the 4 priority Transit City lines? I mean Finch West from Finch West Stn to Yonge, SLRT extension to Malvern, Sheppard east to Meadowvale, and Eglinton LRT to Pearson? Or have those all been deferred indefinitely behind the Next Wave projects?
Sorry, my question was is the plan to implement all of those revenue tools at once? (someone summed up the BofT document and said that we could generate $4B a year.....but only if you did them all...I thought they were looking for the right mix/balance...not suggesting that all of those be implemented for a $4B a year figure......if they were all implemented and $4B a year was raised...the entire big move would be paid for in 12.5 years!).