Pay for some of relief line through partial sale of hydro: Stintz

Mayoral candidate says selling about half of Toronto Hydro could generate case to pay for transit

Karen Stintz
Natalie Johnson/CTV News

Much of the upcoming mayoral election will be fought over transit and candidate Karen Stintz is out now with her plan to pay for the city's portion of a downtown relief line.

Stintz says she wants to sell off about half of Toronto Hydro, which is valued at over one billion dollars, in order to pay for the proposed and long discussed line.

The cost of the relief line could cost about 6-8 billion dollars depending on the route.

Stintz says money from a partial sale of Toronto Hydro could be used to entice other governments to come to the table with cash.

Toronto could sell off 10 percent of Toronto Hydro without penalty, but would be hit with a 33 percent penalty for any sale above 10 percent. Stintz has committed to trying to gain provincial approval to change that.

Leave a comment:

showing all comments · Subscribe to comments
Comment Like
  • 10
  1. Walter posted on 03/24/2014 12:49 PM
    Cancel the B-D Subway extension and replace it with an SRT/LRT that is connected to an elevated Eglinton LRT through Scarborough. This eliminates the transfer, provides a continuous line from Malvern to Mount Dennis and saves over $1B.
    Use that for the DRL.
    1. sammy posted on 03/24/2014 02:32 PM
      @Walter yup! but the problem is election this fall. everyone pandering for the Scarb vote right now. we'll have to wait until after the election for them to go back to original funded plan which they will after elections
  2. Ernei posted on 03/24/2014 01:15 PM

    Just as hydro users have paid for the capital costs at Toronto Hydro, whats wrong with the idea of TTC users to pay for the capital costs of the TTC?

    Why is it that everybody needs to pay for transit except transit users?

    Car drivers are already paying 120% of their fair share - time for the dead beats to pay up!
    1. spicygarage posted on 03/24/2014 01:48 PM
      @Ernei You couldn't be more wrong if you tried.

      Toronto transit users already pay the highest (GO) and 2nd highest (TTC) portion of transit expenses of all systems in North America. They're the total opposite of deadbeats.

      Motorists, even those who never set foot in a bus or train, benefit greatly from transit: the TTC carries 1.3 million people per day. That means _one million less cars_ on the road.

      How would your commute feel if there were a million more cars on your road?
    2. Ernei posted on 03/26/2014 04:36 AM
      @spicygarage And you couldn't be more stupid if you tried. Try to actually form a logical arguement.
    3. spicygarage posted on 03/26/2014 10:54 AM
      @Ernei Prove it. Tell me what's illogical about my argument.
  3. john posted on 03/25/2014 11:26 AM
    good ideal karen stintz . NOT!
  4. john posted on 03/25/2014 11:39 AM
    good ideal karen stintz . NOT ! it is the stupidest ideal i have ever heard i sure somebody will come with another one at some point . we got less then a year u know .
  5. Angry Bill posted on 03/25/2014 12:34 PM
    A few of the mayoral candidates have the right idea, in that the priority should be the downtown relief line. That should be the FIRST thing built. It makes absolutely zero sense to build billions of dollars worth of subways in areas that don't really need them, and the downtown line is even more crowded and overused.

    John Tory and a few of the other candidates at least have the priority right. Downtown relief line first, then we talk about what's next. And I'm sure John would be happy to let the "experts" come up with the plan as to how to do it. It's John's job to get the plan rolling, and to come up with a funding plan. That's what politicians are for. With John's business and political experience, he's certainly capable of it. I don't have the same faith in the other candidates.
    1. Jack posted on 03/26/2014 04:35 AM
      @Angry Bill Get a life
showing all comments

Sign Up For Breaking News Alerts

Becoming a member only takes 60 seconds! Members get access to exclusive information and products that non-members do not, including concert ticket presales, trips, advance notice on upcoming entertainment events, movie screening passes, music giveaways and more!

Login with Facebook

Top Stories

Today's Poll

Does it matter to you that Toronto's new police chief, Mark Saunders, is black?

Voting is restricted to one vote every 24 hour(s) VoteResults


Stay connected 24/7! Receive breaking news and programming alerts right to your inbox. CLICK HERE to sign-up.