The City of Toronto announced that a special meeting of Toronto City Council will take place on Firday at 10am to approve paying for two-thirds of its upcoming streetcar purchase.
The City had hoped that the federal government would pay one-third, as the provincial government has committed to doing. Tomorrow’s meeting will authorize the TTC to make the streetcar purchase while the city continues to work on a funding arrangement with the federal government.
Whether that federal funding will ever come through is still questionable. Spacing has learned that the federal government is prepared to give the Toronto $150 million of stimulus money for projects like road and bridge repair, which would offset some of the cost of the streetcar purchase. However, that sum is approximately $250 million short of what the City had hoped the federal government would contribute.
Due to the current strike, tomorrow’s special meeting will take place at the Metro Toronto Convention Centre.