cplchanb
Senior Member
What I really despise is the fact that our development is always hinging on the fact that we need to beg the provincial and federal govts for money and implement tax hikes or else we cant budge an inch...
Surely after so many years of fruitless begging they shouldve realized that they need to find other ways. Apart from private funding via the selling of development rights to developers why cant ttc also implement a small (can be temporary) hike in fares directly to a DRL construction fund? Last year TTC reported ridership of over 528 million and growing. Lets say there was a 25c hike in fares (which YRT likes to do regularly). that would equate to over $130m a year. Obviously any hike would almost cause a riot, so the key for this is keeping the public informed and to sell to them that the money is solely for construction. This would also give a greater sense of appreciation to the project as it is knowingly being paid partly out of the rider's own pocket instead of from some unknown money tree.
A reference project that I can recall is the Hong Kong metro station sliding screen doors. There was a 10c (HK dollar which is basically almost 1.5c CAN) fare hike over several years that directly paid down the cost of the doors. In the end this minute hike paid for over $1B of the $2B project
The moral of all this is no government has enough money to spare for such a huge project and to shake a dying tree would be fruitless (pun intended). Instead the TTC should look to alternative ways such as having the riders pay for what they use by implementing a construction fund hike (in a well managed and informed manner) and cooperating with developers to sell rights to build property over subway stations.
Surely after so many years of fruitless begging they shouldve realized that they need to find other ways. Apart from private funding via the selling of development rights to developers why cant ttc also implement a small (can be temporary) hike in fares directly to a DRL construction fund? Last year TTC reported ridership of over 528 million and growing. Lets say there was a 25c hike in fares (which YRT likes to do regularly). that would equate to over $130m a year. Obviously any hike would almost cause a riot, so the key for this is keeping the public informed and to sell to them that the money is solely for construction. This would also give a greater sense of appreciation to the project as it is knowingly being paid partly out of the rider's own pocket instead of from some unknown money tree.
A reference project that I can recall is the Hong Kong metro station sliding screen doors. There was a 10c (HK dollar which is basically almost 1.5c CAN) fare hike over several years that directly paid down the cost of the doors. In the end this minute hike paid for over $1B of the $2B project
The moral of all this is no government has enough money to spare for such a huge project and to shake a dying tree would be fruitless (pun intended). Instead the TTC should look to alternative ways such as having the riders pay for what they use by implementing a construction fund hike (in a well managed and informed manner) and cooperating with developers to sell rights to build property over subway stations.