Mayor Ford went to Premier McGinty yesterday morning to try and obtain funding for one of his pet projects, a campaign promise, that he had initially said would be funded in part by the 'private sector.' Because we all know how the 'private sector' just loves to jump in and sink billions into public transit systems.
Yeah? Well where is the private sector funding now? How come 'Ford Nation' isn't jumping on board to hand over their hard earned pennies and pay for it?
If Mayor Rob Ford had convinced anyone the Sheppard subway expansion would be paid for with corporate cash, he shattered the illusion on Wednesday.
In a morning meeting at Queen’s Park, Ford asked Premier Dalton McGuinty to give the city $650 million for Sheppard by 2014. His justification: $333 million in federal money depends on that provincial money.
For a mayor who said in April that the $4.2 billion Sheppard project would not require a major government investment — “I’m not quite sure where taxpayers’ money is coming in when we’re using private money,” he said — the request represented a notable turnabout. It also provided ammunition for critics, transit experts among them, who say the project is not feasible.
Under the March agreement that killed the Transit City light-rail plan, the province agreed to direct up to $650 million to the Sheppard project if it had leftover funds from the Eglinton-Scarborough Crosstown LRT project, for which it is paying.
“It’s important to taxpayers, and it was clearly stated during the election,” he said. “People voted in that area, you look at the poll results, I campaigned on the Sheppard subway and people supported my platform.”
“Here we had a fully funded, fully committed plan. He’s turned that down, and now he’s going cap in hand to the provincial government,” Mihevc said. “This is a betrayal of the mayor’s initial commitment, which was that he’d get this money from the private sector. It’s interesting that he’s now at the dole of the province to fund this ill-fated project.”
Edited by Shwa, 18 August 2011 - 04:21 AM.