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Waterloo Chronicle (Waterloo, On1868), 8 Oct 2014, p. 4

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CINATERWW'WV.WI.NM Iii ’ “'03“ i ' ‘ ‘ it y p. -. 3. .z . . i » A ' '5‘ _ A flaw: in”: y .I'I-A-“IBMWE . “M ‘ E ._-.~7:‘j- It i" ‘ 1 *5; :2: ,_ i I .- I , .6 ' . . . , ’ 3â€"“ ' C , is #5:»? ,, 3‘ < Â¥ 2: .1 ., . 329’» 1-3:}: ‘ J y . .. :21 ‘1 . W 3 . i‘a‘Qcé',‘ is?” .1 f? 2:» a.“ 2‘ - C3412; "‘«Lil‘ffh . , ».__ J V: 7_ , ‘ ,,,,,..na“"°”’"“-iule=st n.5,... a“; g in". ‘ "' ’3 " h ‘ l ‘12. '1 " i 3 ”null." , ' a; ' . -.. , . . . .4 - . e ' , I , ,. - ' ' ,4 * lfit'f'” .3 cummwisii- as ~ . v {V b ‘ 1 .. . . _ 4 its i :n . , :9 . U a": {He}! a: '=:-.~.€~g"- A. fl, .â€" , manual , . “'8 “ i * LRT costs will hit $250M . D . , , i ‘ ~ ' ‘ , g râ€" t b the end 0f the ear 3 s 99 _ ; I a " Q15: BYMHJSSAMUIIAY should expect the province ninginthiselection. § ‘ ‘ ’ " $ 49‘ erlheChmniclt and federal governments "l bopeitpmvidesareali- i ' mm .' would pull their funding if ty check. because their View . v ' u. . " ' ' ' 5 much as $250 million the project was cancelled, doesn't reflect reality. There's ‘ mm ” F ‘. will be spent on the but the cost to cancel isn't a huge local cost to canâ€" t ”M m m 7’ ‘ n of fig“ rail likely to reach $739.3 mll' cellingthe pmject.’ hesaid. i 7 transit by the end of the year lion. But for LRT-opponent lay l, ACE : according to estimates by “ Aissa, who is running for l ' 8mm “1‘ RegionofWaterloo staff. We knew the regionalschair. the number . was mu .. The amount is $3 million project was we” only highlights the upfront l _ less than the region's share cost to cancel and not the } mm mp . 3 l'l. X 4 n- of the $818 million cost. The underway “with“! larger picture. “It's very sim- 5 . province and federal govem- the cancellation ple math to do. Cut it. life | '9‘" . ‘ ' i " “ ‘ ‘ ments_ will finance the costs would be goes on... instead ofputting ; remaining two-thirds. ,, our region in debt for the j s ‘ _ By August. $739.3 mil~ pretty hOWUdOUS- next 50 years to come.‘ he . , v" ' lion. representing 90 per -R I “a,“ K: S It] said. i 1,: L, , cent of the [RT construction unt'l‘ielectlisnrofaI He added the report i ’ . . budget had been commit~ ' works to push the region's , - ted. according to a region “it probably wouldn't be notion that the project is _.-‘ 1 report. The region has actur that much. it would defmite- unstoppable, something he 1 - , f ‘ ' g“ ' ' ' » -. ally spent $146.3 million or iv be the $225 to $250 mil» said isn't thetJ'uth. . 18 per cent of the ”l8rmilr lion." he said, adding there “What the council is lion budget. would be additional costs doing is trying to convince flung 99 Region staff refused to for finishing some utility the public that it's a done 1 no“ ~ ’ “a“ speculate on what the cost relocation and costs assoc» deal and that's not right It‘s r ' to cancel the $1.9‘bllll0n ated With wrapping up the not fair to the public," be ' infrastructure proiect would contract. said. “mummy“: m ”Acme be at last week's committee “the regional perspective Aissa said if elected to , meeting. but councrllors is Without provincial or fed council on Oct. 27', he'll be M“ ‘ 6mm Plot" emphasi/ed the cost would eral funding. we would able to vote on light rail I...“ mnugnlll exceed the amount spent to essentially spend the same transit issues as regional . ., _ date because of potential In amount of money to wrap chair. : > igation or penalties that up the prop-(t .is if Wt" gust Aissa owns property could occur finished It." he said along the 'light rail transit ‘. l . . , “ lhe unknown in that Regional ( hair Mn \ml corridor and studies show l _ f; ' . contribution of costs is the ing said the report on llll' land within 800 metres of , \ lawsuits that would incur or costs incurred was what llt' the project can see an . i \~. accrue to us from develop expet ted to see Increase in value and assess- l l ers who have committed “We knew the pf"|t‘tl was nient of up to 30 per cent. l a.“ ' l . ' themselves to building well underway and that the 'l'll give you a little bit of l 7:, buildings. buying land along t anccllation tosts would be .i hint there if you like. "you . ‘ '_. the central transit corridor pretty horrendous It would don't own the property “ ' g - with the commitment that be more than our actual I'll leave it to you,” he said ' Y I i LRT was coming and now share." he said. {\issa said he under -. w . l 1 would not be coming," said Without shovels even in stands that the chair is one u .‘ a l ; a ‘ 3‘ m ' ._ CounJimVVidt-man the ground. the (‘ity of vote and that he won‘t be t'J-‘LI‘ â€"â€" ‘4‘ ‘11»1- Li “4‘ “And that's a huge huge Ottawa paid £16 7 million to able to cancel the pron-rt 1» s , . . t . - - s . . I * M - . unknown quantin that I lht it (ontrattor wht n thty alont . “" n a an“ would not want to try to cancelled their [RT project "l‘m only one vote but ' ““uumuw Mau‘“ estimate,” in 2006 what I‘ll do is I'll open the ' mu ‘ “..“MHua‘ A Regional Commissioner fieiling said he's not sure book for every person out Iw---fl- " “h“. ‘ a of Transportation and HM what affect the report there to look at and see if it 1, 3.35: {w " l .- l ' 11.33; 3 “5’ ronment Services Thomas will have on the antirllt'l' is of good value for our ” ,. ' ‘ '* ‘ "5m ' “ ‘ ”"1"“ .m. ”’ Schmidt said the region municipal candidates run moneyfhesaid.

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