John Tory might be gone as Mayor, but SmartTrack clings on like grim death even in his absence. A report before an upcoming meeting of Toronto’s Executive Committee shows that the total cost of the five remaining stations is estimated by Metrolinx at $1.697 billion, yes that’s with a “b”, or $234 million higher than the City’s $1.463 billion budget for this work.

Federal funding of $585 million has already been committed, but the remaining $1.112 billion is on the City’s dime. The City’s share will come from “development charges, tax increment financing and the City Building Fund” [CBF] according to the report. The CBF is an extra levy on the City Property Tax (recently extended to compensate for increased borrowing costs) that will help to pay for one of John Tory’s legacies.

Metrolinx seeks full reimbursement for this amount, but the City in March directed “the City Manager to negotiate with the Province of Ontario for the Province to commit to paying all amounts above the original Program Budget”. Negotiations are ongoing and a supplementary report will follow at an unspecified date.

The station locations are shown below, and they include a key station a East Harbour that will be the interchange between GO Transit, the Ontario Line and a possible future Broadview Avenue streetcar extension into the Port Lands. Why the City is paying for a major regional interchange is something of a mystery, but even worse is the fact that we now face a per-station cost of about $340 million for surface rail stations. The exact numbers are shrouded in the usual Metrolinx secrecy.

This is a sad story where too much political capital has been expended for anyone to ask just why we are building these stations, and especially why the SmartTrack moniker survives. With all of the hand-wringing over City budgets, the survival of at least some of these stations as City-funded projects should be reconsidered.