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City, York agree on subway funding
Sep. 15, 2006. 12:59 PM
PAUL MOLONEY
STAFF REPORTER
The City of Toronto and Region of York have reached a tentative agreement on sharing the costs of building the Spadina subway extension to York University and then north to the Vaughan Corporate Centre near Highway 7 and Jane St.
The province of Ontario had earlier pledged to pay one third of the $2.1 billion project, while calling on the federal government to contribute a third and giving the municipalities until Sept. 30 to work out their contributions.
Negotiations during the summer resulted in Toronto agreeing to pay 59.96 per cent of the municipalities’ one-third share, with York Region paying 40.04 per cent.
The proposed line is 8.6 kilometres long, which includes 6.1 kilometres in Toronto, running from Downsview station to Steeles Ave. The line would then continue 2.5 kilometres into the city of Vaughan.
The pact to fund the first cross-border transit project in the GTA is to go to York regional council Sept. 21 and to Toronto city council Sept. 25.
Assuming the two municipalities agree, the pressure would then be on the federal government to come up with its one-third share.
The historic agreement is a departure from squabbling that has marked relations between Toronto and York Region in the past.
“We decided to ride off into the sunset, arm in arm,†Councillor Howard Moscoe, chair of the Toronto Transit Commission, said today.
“We came to the conclusion that basically a 60-40 split was appropriate,†said York Region chair Bill Fisch.
“Hopefully, both councils will agree it’s appropriate and we’ll have an agreement in place by Sept. 30.â
City, York agree on subway funding
Sep. 15, 2006. 12:59 PM
PAUL MOLONEY
STAFF REPORTER
The City of Toronto and Region of York have reached a tentative agreement on sharing the costs of building the Spadina subway extension to York University and then north to the Vaughan Corporate Centre near Highway 7 and Jane St.
The province of Ontario had earlier pledged to pay one third of the $2.1 billion project, while calling on the federal government to contribute a third and giving the municipalities until Sept. 30 to work out their contributions.
Negotiations during the summer resulted in Toronto agreeing to pay 59.96 per cent of the municipalities’ one-third share, with York Region paying 40.04 per cent.
The proposed line is 8.6 kilometres long, which includes 6.1 kilometres in Toronto, running from Downsview station to Steeles Ave. The line would then continue 2.5 kilometres into the city of Vaughan.
The pact to fund the first cross-border transit project in the GTA is to go to York regional council Sept. 21 and to Toronto city council Sept. 25.
Assuming the two municipalities agree, the pressure would then be on the federal government to come up with its one-third share.
The historic agreement is a departure from squabbling that has marked relations between Toronto and York Region in the past.
“We decided to ride off into the sunset, arm in arm,†Councillor Howard Moscoe, chair of the Toronto Transit Commission, said today.
“We came to the conclusion that basically a 60-40 split was appropriate,†said York Region chair Bill Fisch.
“Hopefully, both councils will agree it’s appropriate and we’ll have an agreement in place by Sept. 30.â