Allandale25
Senior Member
Great analysis here by Ryan.
1/ Some perspective on staff's range of operating costs for #HamOnt #yesLRT
2/ The high-end estimate of $16.5M per year is based on replacing the #10 B-Line but leaving the other three bus routes, and assumes zero ridership growth. This is simply not a realistic assumption.
3/ The low-end estimate of $6.4M is based on replacing the #10 and reducing the #1 and #5 by one-third, and assumes 8% ridership growth. That is more realistic than the high-end estimate but is still a very conservative assumption.
4/ Remember that ridership is projected to *double* over a decade. This is consistent with ridership growth in other similar LRT systems. So even the $6.4M low-end is actually very high.
5/ And this does not take into account new property tax revenue to the city from transit-oriented developments, which is eventually likely to amount to tens of millions of dollars a year.
6/ Nor does it take into account money saved by having higher levels of government pay for $250M in infrastructure renewal along the LRT corridor - including replacement of the Longwood Road overpass, which the city would otherwise have to pay for.
7/ Council keeps saying they want to expand transit service across the city. Here's a golden opportunity to redeploy 29 buses to underserved routes in every ward. (This would also require Council to show some leadership in phasing out area rating for transit.)
8/ But let's be clear: anyone who says they oppose LRT because of operating costs and then claims to support BRT instead is being wildly disingenuous, since BRT's operating costs would be *double* LRT's for the same level of service.
9/ Enough of the fearmongering. Enough of the anti-leadership. It's time Council does the right thing, acknowledges this offer exceeds even their own request when they submitted the LRT plan for funding consideration, and takes YES for an answer