04-10-2023, 04:27 PM
(04-10-2023, 01:24 PM)ac3r Wrote: 'It’s never going to get cheaper': LRT expansion into Cambridge will cost a lot more than projected: https://kitchener.ctvnews.ca/it-s-never-...-1.6348388
A lot of the increased cost no doubt has to do with the economic catastrophe that resulted due to an excessively ridiculous reaction global response to the pandemic but I wager a lot also just had to do with waiting too long to do it. I'll be surprised if it ever gets built in the next decade.
If I was a resident of Cambridge I'd want to secede at this point. What a mess.
The actual costs of this project are no-where near what they are claiming. What one needs to do is a forensic accounting to see where this money is actually going. I guarantee that 70% of this is not going to the actual build (supplies, material, labour, design and buying property) but rather is lining the pockets of the elite.
Also with these crazy costs, I doubt we'll get any support from upper level governments. For one thing, a Federal "governing" Liberal party has never helped with any large projects around here - you need the Conservatives for that, and at this point, our country is so far in debt I can't see any help. I would also say that the provincial government would be a hard pass because of lack of support from the federal government, and questioning if it makes sense to run an LRT through what is mostly a sparsely populated city.
There is no way the region could afford this multi-billion dollar project. $4,500,000,000.00 works out to $7,500 for every citizen living in the region and about $8,700 for every citizen in the tri-city. Hell, it works out to $8 for every single person living in North America. That is freaking insane for such a tiny project!
Again, follow the money. There is a reason that everyone involved in something like this lives in a McMansion .. except for those actually doing the work.