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And what about those taxpayer dollars? In the unlikely event there are no cost overruns, Calgarians will still see an annual average increase of more than $100 in residential property taxes, plus the increases required to fund higher operating costs, which are not even close to being covered by transit fares.
With a cost overrun of 75 per cent, the tax hit jumps to more than $300 per household annually. The burden will make life particularly difficult for low-income families, seniors on fixed incomes and small businesses.
The global evidence is crystal clear, that once you physically start construction on megaprojects such as these, it is virtually impossible to stop them and exceedingly difficult to change their scope. The only time to critically examine these projects is before the first shovel goes in the ground.
We are grateful and support the province’s desire to get this project right. This is a great opportunity. We encourage all levels of government to pause and work together to rethink the Green Line and build a project that will deliver value for money and make sense in a post-pandemic Calgary.
Daniel Cheng, Brian Felesky,Ron Ghitter,Jim Gray, Patti Grier, Kabir Jivraj, Bill Kujat, Barry Lester, Neil McKendrick, Sherali Saju, Ken Stephenson and Emily Struck Farquhar are Calgarians in support of rethinking the Green Line.