To the great surprise of many Calgary residents, City Council has given the go ahead on Phase 1 of the Green Line light rail transit project that is supposed to be 46 km long and extend from the north end to the southeast end of the city.
There’s no denying this project is desperately needed, but Council has now almost doubled the original price tag leaving taxpayers across Canada on the line to come up with billions of dollars to complete the project.
Why is that?
Watch as I explain how Calgary Council approved spending $4.65B for half the line (when the full original plan was supposed to cost $4.5B total) and why municipal politicians are now asking the federal government for the money to cover the increased cost.
The province hasn’t committed any funding yet and the City will be taking both yearly municipal and provincial tax breaks for the next 30 years totalling $76M annually to pay for the Green Line.
So while Calgary City Council spends money on fancy renovations at City Hall, the citizens of Calgary still await a much needed efficient transit system.