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insufficient funds to do it earlier. Realistically, there's probably no way it's getting built without substantial revenues coming in from road pricing. And in any event, when added together, the Transit City projects would clearly benefit more people, which justifies their prioritization.
But what's truly surprising is that based on these numbers, Mayor Rob Ford's avowed #1 priority -- extending the Sheppard Subway -- would quite arguably be
wasteful spending. It just isn't justified by the numbers, although our intrepid mayor hasn't really been known for enlightened decision-making.