Speaking of funding, there's a fun exchange with the mayor and the media about how he intends to fund the Sheppard subway line:
http://news.nationalpost.com/2011/03/31/funding-questions-linger-after-new-transit-plan-announced/
Q: Mayor Ford obviously you campaigned on subways but you also campaigned on spending less and reducing the city’s debt. Now essentially you’re going to get $4.2-bilion from the private sector. Isn’t that essentially borrowing and can the city afford to borrow that money?
Ford: Well actually, as you know in the first hundred days our city government saved the taxpayer $67-million. I campaigned on building subways, I was clear that we’re going to build subways and I’m doing exactly what I campaigned for nine months. People want subways, people do not want to have another St. Clair Avenue experience, budgeting $40-million, and then taxpayers spending $120 million…
Q: But do people want to borrow $4.2-billion for subways?
Ford: Thank you. Next question?
(Reporters protest, and pose the question again)
Q: Do people want to borrow $4.2-billion Mr. Mayor?
(Mayor takes another question)
Q: Is this enough to get you to call off Ford Nation that you threatened to attack the Premier with?
Mayor: This is about subways. The taxpayers do not want Transit City, they were loud and clear. We are building subways, exactly what I was elected to do.
Q: But do people want to borrow $4.2-billion Mayor Ford for that subway?
Mayor: The private sector is going to build the subways. In a very competitive marketplace, it could come under $4-billion.
Q: But we’re still borrowing money aren’t we?
Mayor: I’m not quite sure where taxpayers money is coming in, when we’re using private money.
Q: Because you have to repay those private financiers with taxes and development charges that you would collect later. That’s called borrowing.
Mayor: All the details still have to come out, but it will be built with private money… with some help with the provincial and federal government.
Q: Mayor Ford, what do you have to say to the people on Finch Avenue this morning?
Mayor: We’re going to improve the bus service and they will get subways within ten years. I committed to Sheppard, and I’m delivering what I committed to. And within ten years, if people want Finch, then we’ll get a subway there too. Right now, all I can do is build Sheppard, and that’s exactly what I’m going to do.
lololol. I'm going to say it here: Sheppard is as good as dead unless Ford can scrounge up some Federal and Provincial funding.