I really hope that the Infrastructure Bank puts an end to federal funds for projects with non-existent business cases. Ideally, because the bank's aim is to leverage the combination of government and investor money, the investors will require sounds business cases based on fact. That's not to say that you can't quantify qualitative objectives in some way, to account for goals like growth or social equity, but at least you'll have apples to apples comparisons. When that happens, silly projects like this won't ever get this far.
Everyone at a staff level in the City knows this is a boondoggle, but they don't have a choice but to move it forward...everyone knows the sanity ship has sailed with the politicians. Its an indefensible project from prudent use of limited capital infrastructure dollars. If it were a powerplant by OPG or Enbridge, the Ontario Energy Board would never approve it, saying that it wouldn't be a prudent use of ratepayer's dollars. Aren't politicians supposed to play that role for us? I wish we had an independent budget office that vetted business cases and compared long-term operating budgets. Someday it will have to happen........right???????????