A few pages from the Feb. 1 story "Air your views on LRT funding" (only $950 million of taxpayers' money) is the opinion piece on the E&N written by the chief operating officer of the Island Corridor Foundation.
The foundation only wants $100 million but there is no indication of any viable business plan that would allow repayment of this taxpayer loan. Don't people understand that there is no spare taxpayers' money floating around and that what money there is must be spent on viable projects?
Even a two-track railroad will likely not generate sufficient funds to repay the $100 million cost of upgrades. Is there even a viable business plan to repay the $15 million initial support that is requested?
Roger Love
Victoria
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