Awesome! Actually never thought I'd see the day that Ford gave money to an LRT in Toronto..
Yes, this is certainly a huge step forward but I will only REALLY believe it when I start seeing track being laid!
Here is the City announcement:
News Release
March 30, 2025
Landmark multi-billion-dollar partnership: City of Toronto joins with Government of Canada and Province of Ontario in prioritizing housing and transit
WATERFRONT EAST TRANSIT
Today’s announcement also provides critical funding for the Waterfront East Transit from the provincial and federal governments, alongside the City’s $1-billion investment, to connect across the eastern waterfront to the Port Lands with a new Waterfront East line.
This historic three-way partnership between the provincial government, the federal government and the City to build the Waterfront East Transit will serve more than 150,000 people with more than 50,000 daily trips and is expected to enable more than 75,000 housing units. This project is expected to create more than 100,000 jobs and generate more than $13.2 billion in economic value, delivering lasting economic impact locally, provincially and nationally.
Quotes:
"I’m pleased to join with the federal and provincial governments in this partnership to build more housing, transit and support good jobs. The City of Toronto has taken bold steps to cut development charges on new homes, speeding up our development timeline and investing in affordable housing. Further, we have invested in the design of the Waterfront East Transit. Today’s historic announcement takes our work further and will deliver thousands more affordable homes and better transit, benefiting our City for generations.”
– Mayor Olivia Chow