What Guarantees Were Made In Sale Of 407?

FP’s Lawrence Solomon: Transit competition

Subway stations should be sold ­separately to the highest bidder

Toronto Mayor Rob Ford wants a good deal for Toronto taxpayers, who lose $350-million a year subsidizing the Toronto Transit Commission, a good deal for the Toronto economy, which loses $50-million every day that TTC workers go on strike, and a good deal for Toronto transit riders, who face increasing fares and decreasing service.

Here’s a good deal. Sell the TTC monopoly for $500-million to a company that would, as a condition of sale, guarantee to freeze fares for 10 years, guarantee to expand the frequency of service, guarantee to increase the number of kilometres logged, and guarantee to continue existing routes.

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