Quote:
Originally Posted by hipster duck
While we sometimes think that the current boom is unprecedented, it's useful to remind ourselves that there were more audacious periods of development taking place at a time when the region was less than half its current population.
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It's kind of depressing when you consider the scale and speed of infrastructure projects built in Canada in the 1970's and earlier and compare it to today. It also makes me a bit suspicious of our official inflation figures.
The original 1954 subway in Toronto was 12 stops and was built for about $400M in today's dollars. The city had less than 1/4 the population back then, and its GDP per capita was probably less than 1/3 of today's. It's somewhat conservative to say it's like a $5B transit project in metro Toronto today. Not a nebulous long-term vision but a specific project built during a 5 year period.
By 1966 the system almost tripled in size and hit 34 stops. By 1978 it looked pretty similar to the modern system, but Toronto had only half as many inhabitants as today.