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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
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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.

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10 0
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.

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