York Subway Still on Track

October 12, 2006

Although the federal government still hasn't committed to help fund the $2.1 billion Spadina subway extension that will service the York University campus, Ontario's Public Infrastructure Renewal Minister David Caplan said yesterday that tax-increment financing would be an alternative - basically, borrowing against the anticipated increase in property taxes caused by the subway line extension. (See http://www.theglobeandmail.com/servlet/story/LAC.20061011.ONTSUBWAY11/TPStory/TPNational/?page=rss&id=GAM.20061011.ONTSUBWAY11 )