Tuesday, November 8, 2011

Toronto News: ‘Pay now or pay later’ for transit -

Toronto News: ‘Pay now or pay later’ for transit - "The president and CEO of the Toronto Board of Trade says she’s optimistic Toronto can find the right combination of funding and political will to solve its congestion crisis.
Gridlock already costs the region $6 billion a year in lost productivity and that will more than double to $15 billion by 2031, Carol Wilding told the Canadian Public Transit Association conference at a downtown Toronto hotel.
The city needs $2 billion annually for the next 25 years to expand transit and keep the region from choking on traffic as more people move into the area.
“We pay now or we pay later,” she said. “We have to have the courage to act and be innovative.”"

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