06-12-2023, 08:05 PM
(06-12-2023, 07:14 PM)jeffster Wrote: $4.5B for this project through Cambridge isn't doable. Something like this would add at least $50/month to your property tax bill (assuming we pay it over 30 years).
The total tax bill for Stage 1 construction was $587 over 7 years per property owner. Or about $6.99 per month.
Multiplied by 5x that's $34.94/mo/property for 7 years.
(06-12-2023, 07:14 PM)jeffster Wrote: That's a huge cost for something that is useless for 90% of the population.
But it isn't, though. It is still very useful, they just chose not to use it.
Not to mention that public transit is still useful to people even if they don't directly use it themselves. Imagine what would happen to traffic is GRT and ION shut down tomorrow and all those people each bought a car to drive around with.
(06-12-2023, 07:14 PM)jeffster Wrote: Even if we got a cost sharing agreement with the feds and province, this is still 5x the cost of Phase 1. Insane.