By Staff, 1310 News, February 25, 2019
The city will be digging a little deeper to pay for the extension of light rail when Phase 2 begins - about $1.2 billion dollars deeper.
But, Dr. Ian Lee, Associate Professor with the Sprott School of Business at Carleton University explained to 1310 NEWS that the increase in funds needed should come as no surprise.
"Big, big amounts of money over long periods of time with a public sector driven by politicians who are notorious for changing their mind and making changes to the project produce...guess what? A: cost overruns and B: delivery behind schedule problems."
(...)"If we are going to spend money as a municipal government, I would rather they spend it rather than on ephemeral things like painting bicycle icons on the pavement, which will wear off in a year or two," he explained. "I'd rather we spend the money on a very long life asset called an LRT."https://www.ottawamatters.com/local-news/more-money-spent-on-lrt-the-better-expert-1260573