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Originally Posted by SkahHigh
Especially that transit lines are rarely profitable.
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Aren't rapid transit lines often profitable? They are here in Vancouver. Both the Expo and Canada Lines make money (although not technically for the Canada Line since it's a P3 project.) The Millennium Line doesn't, but that's because it's a line betweeen nowhere and nowhere. Once the Coquitlam extension is complete, and especially after the Broadway extension gets done someday, it will likely be profitable too. Even some of our bus routes are profitable. I've always looked at rapid transit projects in the way that once it's built, you're saving a lot of money.
Quote:
Originally Posted by miketoronto
That is an excuse (not by you, but by the government). If transit is a priority, then the money would be found to build such projects.
Notice there is almost always money for a new highway, and you never see issues with funding for that.
Where there is a will for better transit, the money is flowing. Look at Waterloo Region, where they have committed to transit, and they are raising taxes and getting the required funding in place to make it happen.
But being cheap and wanting to never raise taxes is not going to build much of anything.
We have the money, we just choose to not spend it .
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Yeah you're right. But unfortunately that's just not how it works right now. Road projects get funding without much issue from the province, while transit has to jump through hoops to find some cash. So while the money is there, from the perspective of a transit agency it doesn't make a difference: you're still not getting any money so you can't fund all the projects you'd like to.
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Originally Posted by Steveston
This is why I think the Plebiscite in Metro Vancouver HAS to be approved. If we can use that $7.5 billion to develop all of the planned projects in the 10-year timeline, it will provide confidence that such a tax can be used to continuously improve the system.
I would hope that, as we approach year 8 or 9 of the program, and people see that the building program is progressing, and having a real impact on people's lives, that further plans can then be developed for years 11 - 20.
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Yep. I really hope that this will be enough to finally solve our funding woes. Sales taxes seem to be pretty long term, so I dream of this being the last tax we have to implement. If they say this will bring in $250 million a year, this should be enough for the distant future. As major projects like Broadway and Surrey are completed, money will keep coming in for new transit initiatives. Especially since there isn't any pressing need for new lines after those are done (Arbutus or 41st Avenue would be nice, but they're not as crucial as Broadway is for example) I feel that if this passes and the promised projects are built, our transit infrastructure will have finally caught up to demand. We'll have three trunk lines: North-South, Northwest-Southeast and West-East. After that it will really just be about adding extra, more minor connections.