Sorry but in one sentence you say depending on interest Tridel could build as few as 6 or as many as 16 buildings. And then in the very next sentence you say a subway through Metrogate wouldn't be subsidizing the developer. But what exactly is it that determines whether there are fewer buildings or more, and increased profits per sq. ft.? Transit might. If you and I the taxpayers were to spend $4 billion on a subway across Sheppard when the consensus is that a $1 billion solution is sufficient, what do you call that. I call it a massive transfer of wealth from the public to private interests. I call it subsidization. Leo DelZotto has enough money. He doesn't need mine or yours. I would prefer to keep my subway dollars for where they're needed like the DRL or a Queen/King line, thanks.
Exactly how does Tridel profit off a subway station that might arrive in ten years when, A), the condo units have already been sold and, B), they were already advertising them with “future GO, TTC subway, and bus station†access? Are they going to advertise them with “future GO, TTC subway, and bus station – no, really, for real this time†access?
So if we build a DRL/King subway, that won't subsidize downtown developers or transfer wealth to downtown landowners? Or do you only have a problem with Sheppard because it's the suburbs? Are downtowners so peeved with crappy surface transit in the trendy neighbourhoods east and west of the core that they bare their teeth and hiss every time progress is made towards transit-oriented development elsewhere in the city?
It may not be Tridel that builds more condos near Metrogate, but someone else will. Menkes, Concord, Pemberton, whoever. Remember, you didn’t know about the larger development plans for the area when you went on your rant. What determines whether there are more buildings? Not transit, that's for sure. The city and the province decide where development will go - not transit. Of course, the city and province also decide where transit will go, so they have complete control.
Spending over $1 billion on an on-street streetcar ROW on Sheppard is a frivolous waste of money when we can spend $100 million and achieve everything promised by the LRT with improved bus service. If the goal is to get the longest rail line as possible on Sheppard to make our transit maps prettier, yes, an LRT line is cheaper than a finished subway line, but if the goal is to improve transit on transit on Sheppard and actually deal with real transit problems in an affordable way, LRT becomes hideously expensive for what you get. You do know that the city wanted to validate the LRT by rezoning Sheppard and opening up the strip malls and backyards of east Agincourt and Malvern to low-rise development, right? What do you call that? What would you call that if Tridel wanted to build there?
The reality is that we're doing a poor job aligning transit and development. Instead of spending billions of dollars running lines to places that we think might possibly be rezoned one day to add a few thousand residential units, why don’t we spend the money running them to places that have actual trip generators and *are* seeing development and are the places officially slated for more growth by every body (including the real estate market at large) that has the power to make further growth materialize?