Statement by Daniel Lynes
It will definitely spur investment along the line. Vancouver's a good example of this with albeit more expensive Skytrain stations, and Kitchener-Waterloo's another good example...the LRT is under construction there and people are buying up real estate for premium prices already. It will be a talking point for tourism; Skytrain is much more preferable to a subway...I would imagine LRT is as well.
Skytrain (and LRT) have many benefits besides real estate values and increased tax revenue such as buildup along the transit line, creating a central focus in the city, decreasing trip times, attracting younger people to areas along the line because they'd rather not drive if they don't have to, ...
The longer council waits to build it, the more expensive it'll be to put it in when council deems we need it, because there'll be more expensive land to expropriate, more lost productivity because of traffic congestion, inflation, ...
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