afransen
Senior Member
Especially given, say, a 30 year lease would have have nearly as much revenue as a 99 year lease given time value of money.
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- Thread starter innsertnamehere
- Start date
nfitz
Superstar
It would have given a lot more money to the province (in terms of toll revenues). And one would think lower toll rates. Obviously they'd have to pay more up front (like they did for 407 East).
afransen
Senior Member
I mean, the $3.1B lease deal signed by the province for a 99 year lease would probably not have been much less than 90% of that amount (eg $2.7B) for a 30 year lease, which would have been expiring in 2029. Of course, perhaps less would have been invested in upgrading the highway since then, but usually there are contractual mechanisms for compensating lessees for improvements they make that are still being amortized by the end of the lease.
nfitz
Superstar
I'm not sure the 30-year period was a lease. I thought it was the contract length an operating agreement - similar to what the province put in place for the 407 East. And I thought it left the province in charge of setting the toll rates, not a consortium.
innsertnamehere
Superstar
Just got an email stating that the EPR for the bypass will be posted for review from June 1 to June 30.
Square_Clock
New Member
Young street has now shifted west for construction of Bradford bypass bridge
north-of-anything
Active Member
Might snap some pictures this evening if it's not too dark out.
EnviroTO
Senior Member
Really? I didn't think this has started construction yet and that what was happening on Yonge was just extending the section that has four lanes.
leftfieldto
Active Member
It's underway.
Province beginning early work to build Bradford Bypass | CityNews Toronto
The Province says it has started construction on a new bridge that will span the future highway, Bradford Bypass.
toronto.citynews.ca
innsertnamehere
Superstar
The early work contract is to widen Yonge St through the overpass area and construct the overpass.
The Bypass itself has not had it's primary contract issued. Right now according to the Ontario Highways program, primary construction of the main contract is expected next year.
The Bypass itself has not had it's primary contract issued. Right now according to the Ontario Highways program, primary construction of the main contract is expected next year.
Transportfan
Senior Member
Interchange construction pic, from today:
Fritter
Active Member
I seem to remember a similar situation when Highway 7 was widened west of Brooklin in north Whitby. That construction contract included the construction of the Highway 7 overpass over the 407, even though the 407 itself wouldn't be constructed until years later.
innsertnamehere
Superstar
Final EIS published. This is now entirely environmentally cleared and can proceed to construction.
ARG1
Senior Member
I noticed they drew an interchange for Doane Road. Are they going to finally built it or what's going on? Its been graded since opening.
innsertnamehere
Superstar
I believe the Doane Road interchange is planned to be funded through development charges from the subdivisions planned west of the interchange. Once enough DCs are collected from housing construction, it'll get built. As you said, it's already mostly graded, so it shouldn't be too expensive. It'll likely be built in tandem with the realignment and upgrading of Doane Rd around Leslie St, and that project needs a ton of regrading to work so won't be cheap..