05-09-2018, 06:55 PM
(05-09-2018, 05:19 PM)ijmorlan Wrote:(05-09-2018, 03:16 PM)panamaniac Wrote: Source?
Bob will no doubt correct me if I’m confused, but I think Stage 1 is $50M over budget; Stage 2 is now proposed to cost $100M more than previously estimated. Somebody added these numbers together and said “See! LRT is way over budget! By $150M! And it will result in demolition of all of downtown Kitchener, leaving it a burnt-out husk!” OK, last sentence added by me.
If I have it right, then I’d say that if somebody needs to roll a possible increase in the cost of a future stage in with the budget for the current project in order to come up with a financial complaint, they’re scraping the barrel in terms of finding things to complain about.
Yep, that was exactly their logic. I'm surprised they didn't go back to 2009 when the estimated cost for Stage 1 was only $790m. $178m over budget and counting!