WHY UNDERGROUND TRANSIT? The population of Toronto will double in the coming decades. We must invest in rapid transit that can accommodate future population growth and stimulate development.
SUBWAYS
SURFACE SURFACE RAIL RA IL
Less disruption d isruption to traffic
Reduce lanes of traffic
Long term solution
Short term solution
Capacity for future population popu lation growth growth
Less capacity for population growth
Faster Faster commute times
Slower commute times
More reliable travel times
Less reliable travel times
Greater Greater economic opportunities
Fewer economic opportunities
Greater Greater development opportunities
Fewer development development opportunity
More job creation opportunities
Fewer job opportunities
Lower long term maintenance costs
Higher long term maintenance costs
Lower long term operating costs
Higher long term operating costs
WORLD-CLASS CITIES BUILD SUBWAYS Decades ago, Toronto took pride in having one of the best subway systems in the world. Today, oday, years of underinvestment have left us far behind other world-class cities. TOKYO
LONDON
NEW YORK
TORONTO
TORONTO’S FUTURE SUBWAY SYSTEM
THE TORONT TORONTO O SUBW SUBWA AY EXP EXPANS ANSION ION PLA PLAN N By making key connections connections in our subway system, we will build the foundation of a truly integrated integrated subway system that will connect our City and create countless new opportunities.
Complete the Sheppard Subway Line: Replace the planned surface LRT, from Don Mills to McCowan with a subway, connecting the existing Sheppard Subway line with the newly approved Bloor-Danforth Subway ExtensionKM) Cost $1.8-Billion (7.4 KM)
Build Phase 1 of the Yonge Yonge Relief Line: I will build the first phase of the Relief Line from Queen to Pape. This will add much needed capacity to our subway system- (5.5 (5.5 KM) KM) Cost: $3.2-Billion
THE TORONTO SUBWAY EXPANSION PLAN CONT.
Complete Eglinton Underground: Under the current plan, the Eglinton Crosstown will run underground until Laird, and above-ground from Laird to Kennedy. This will cause significant traffic disruption. I will bury the Eglinton Line from Laird to Kennedy- (8.2 (8.2 KM) KM) Cost: $1.4-Billion
Build the Finch Subway Line: Connecting the future Finch West KM) Station to Humber College (11 (11 KM) Cost: $2.6-Billion
TOT TOTAL: 32 KM OF NEW SUBWA S UBWAY Y LINES AT A COST OF $9-BILLION $9- BILLION
FUNDING I do not support permanent, perman ent, costly, costly, transit taxes like my opponents do. The City of Toronto has a number of other viable funding options at its disposal to help build new subways.
OPTIONS TO FUND THE TORONTO SUBWAY EXPANSION PLAN: Provincial and Federal Partnerships: In Partnerships: In 2013 I brought the Provincial and Federal governments together to construct the Scarborough Subway. I will build on this partnership to help fund the Toronto Subway Expansion Plan.
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Revenue from Build Toronto: Build Toronto is the corporation created to generate revenue from the City's real estate assets. Build Toronto is currently projecting over $540-Million in land sales over the next five years. I will dedicate the significant revenue this will generate to help fund my subway expansion plan.
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Development Charges: Fees levied on land development projects by the City to build capital infrastructure.
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Public-Private Partnerships: The private sector accepts responsibility and risks of design, financing, construction and maintenance of the project- the City retains ownership of all assets (not privatization). P3s engage the expertise and discipline of the private sector to deliver better value for taxpayers money, reduce costs and reduce construction times.
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Sale of “air rights” above subway stations: TTC and City of o f Toronto Toronto staff have identified that the sale s ale or lease of o f “air rights”, rights”, space for building over new subway stations, can generate generate millions of dollars to fund subway s ubway expansion. o
Tax Increment Financing: Leverages future tax revenue from increased development and assessment growth along the new transit corridor to finance subway construction.
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Future Assessment Growth: Each year Toronto’ Toronto’ss tax base grows by millions of dollars. Instead of leaving these funds in a general pool for spending, I will allocate a portion of future assessment growth to fund my subway expansion plan.
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Strategic sale of select assets along future transit corridors: The City of Toronto owns many properties along proposed transit corridors. The sale of some of these assets would generate hundreds of millions of dollars.
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Reallocation of funding from LRT projects: I would cancel the Sheppard and Finch LRTs and reallocate that funding to building subways along these corridors. This would generate approximately $2-Billion in funding.
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SUMMARY
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As a rapidly growing world-class city, Toronto must undertake a major subway expansion.
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I am the only candidate who is committed to expanding Toronto’s Toronto’s subway subway system.
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I have presented a viable and realistic plan to build 32 KM of new subway lines along key corridors.
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My top priorities are building the Sheppard Line, the Yonge Relief Line and the Finch Line, and ensuring the Eglinton Crosstown is built underground. By making key connections in our subway system (Phase 1), we will build a foundation that can be expanded in the future to create a truly integrated subway system connecting one end of Toronto to the other (Phase 2). The Toronto Subway Expansion Plan (Phase 1) will cost approximately $9-Billion (TTC and Metrolinx). I will fund this plan through partnerships with other levels of government, development charges, revenue from Build Toronto, utilizing public-private partnerships, the sale of select assets along proposed transit corridors, the sale of “air rights” above new subways stations, Tax Increment Financing , the u se of future assessment growth and the
reallocation of funding from proposed LRT lines.
