The Dubious Economics of the Union Pearson Express

In today’s Toronto Star, Tess Kalinowski writes about recently released Metrolinx reports concerning the Union Pearson Express (UPX).

The items of interest are down at the bottom of the Reports & Information page and they include ridership forecasts from December 2011 and May 2013. The latter report was cited as background to the Auditor General’s 2012 Report on Metrolinx [beginning on p. 6 of the pdf].

Given that the projection is almost two years old, one might be tempted to say “maybe things have improved”, but that’s a tad hard to believe in the absence of any newer studies from Metrolinx.

There are great hopes, and even greater hype, for the UPX, and getting some basic information on the table is certainly worthwhile. Continue reading

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