Spare Change for Etobicoke?

Two pieces of news caught my eye today, and somehow they seem to fit in the same post.

First up is a report in next week’s TTC agenda about the extension of the Bloor Subway.  At the January 31 meeting, there was a request that staff update information on the planned line in light of a proposed development near the East Mall.  The reply to this can be found on the TTC’s website here:

http://www.ttc.ca/postings/gso-comrpt/documents/report/f3087/_conv.htm

In this report, we learn that an Environmental Assessment was already approved for this back in 1994, although it is somewhat out of date.   Blowing the dust off of the EA would set us back about $3-million.

The intriguing information is that the estimated cost of the extension in 2007 dollars is roughly $1-billion for 3.7 km to Queensway and The West Mall, and a further $500-million for 1.5 km to get to a Dixie Station in Mississauga.  This translates to $270-million/km to get to West Mall, and a staggering $333-million/km to get to Dixie.  Underground alignments are assumed in both cases, and the report is silent on whether this cost is just for construction or also includes additional subway cars to operate the extended line.

In other news, the Canadian Mint has announced that it will produce a new 100 kilogram gold coin at a face value of $1-million, but with an actual gold content (and price to buy one) over twice that.  There is an article on the Globe & Mail’s website about it here:

http://www.theglobeandmail.com/servlet/story/RTGAM.20070222.wrmint22/BNStory/Business/

although this may not last forever as the Globe tends to archive things fairly quickly.

For all of you who are saving up to build your very own subway line, this might be just the thing you need.  Imagine if people saw a pile of million-dollar coins.  At $270-million/km, or $270,000/metre, each coin would buy (at face value) not quite four metres of subway, or eight metres if you melted it down.

Who needs new tokens?