Toronto must pay at least $49M to cancel LRT plan
I was waiting for more numbers to come in before posting this. So far, we have a waste, by Ford, of $179 million.
From the Metro article:
Ford was noncommittal when asked who will be responsible for the $130
million already spent on Transit City as well as the penalties on more
than $1.3 billion worth of signed contracts
On Rob Ford's first day as mayor, he cancelled Transit City. The city had already spent $130 million dollars on it.
In addition, the city will have to pay penalties for breaking contracts related to Transit City.
From the CBC article:
Toronto is currently on the hook for at least $49 million for
cancelling the Transit City light rail plan, says the head of the
regional transportation agency tasked with implementing Toronto Mayor
Rob Ford's new transit plan.
That outlay is likely to rise, said Bruce McQuaig, the CEO of
Metrolinx. The city would have to pay for any penalties incurred for
breaking or altering contracts secured in the previous Transit City
plan, he confirmed.
"$49 million is what would be known at this point in time and then
there would be additions based on how the discussions go with some of
the suppliers," he told reporters Thursday.
Rob Ford Gravy Train amount: $179 million