Isn't the whole thing up in the air? Ford's math just doesn't add up.
Even if you take the money from the surface stretch of the Eglinton line (depriving thousands of better service) and the money from the Finch West line (depriving more surburbanites of better service) do you have enough money left to build Sheppard to STC AND replace the SRT with subway (which would require a completely new alignment, instead of an LRT running down the existing corridor)?
Remember also that Ford has repeatedly said his first priority is Sheppard, i.e. before Eglinton. Metrolinx has said they don't have the money for both.
Maybe that's why this new Ford-mandated plan from the TTC is being put off another month or more. No matter how much they try, they can't make 2 + 2 = 5.
Kennedy-STC Corridor: $1.4B (TC), $1.9B (subway)
Eglinton LRT: $4.6B
Sheppard: $0.95B (TC), ?? (subway)
Finch West LRT: $1.2B
Total for TC: $8.15B
Therefore, in order to get a Sheppard subway, it would have to cost less than $2.15B if they were going with the SRT replacement, and $1.65B if they were going with the subway to STC.
If they did the SRT as ICTS or LRT, they could conceivably get a Sheppard West extension, or for sure a Sheppard East extension to Vic Park, with a bit left over for BRT.