Extension to Weston (6 km from Downsview) is additional $450 million or so, so the total for LRT would be not far from $3 billion.
I'd rather have subway from Downsview to Agincourt GO, and bus service west of Downsview. IMO, there is no absolute need to bring the subway to STC. Rather, we should consider a new hub at Agincourt, with subway terminus and more frequent GO service. From there, we could have an LRT line that goes a short distance along Sheppard, turns south on Midland or Brimley, then joins the SRT guideway and shares tracks with SRT to reach Scarborough Centre, and then split off and continues along Ellesmere to the Scrborough hospital and UTSC.
Anyway, all those plans are hypothetical at this point. There is no money for subway from Downsview to Agincourt, and there is no money for LRT from Downsview to Morningside.