08-19-2015, 08:25 PM
(08-19-2015, 08:04 PM)numberguy Wrote: For the intermodal hub, the question remains: where will the money come from? A private developer? If so, what is in it for them? How do we attract such a partner without being gouged a la the 407 (as an extreme example)
It's a different venture than something like 407, where users pay tolls.
But the simplest approach for this would be for the region to lease the land to the private company for X years (20? 50? 100?), with the developer in turn providing space for the station operations. The money they make on retail, office or residential space would be the private company's, and that would be the reason for the company to be involved.
Keep it simple and there are far fewer opportunities to make a bad deal by mistake.