I'm surprised your figure is that low. AI tells me the spend to date is over $9B and the 30-year build plus operating cost will approach $14B.
On a population of 16 million in Ontario, that's roughly $900 per person, ignoring those who die before 30 years pass, and those born during the 30 years. I won't complicate that number with amortisation or npv.
And that begs the question of who should pay....Thunder Bay residents might ask for a discount. We certainly won't see Fredericton or Red Deer taxpayers chipping in. Arguably GTA residents derive the most benefit.
I'm not arguing it's a bad investment, or that I want my share refunded, but it certainly is a bite out of what I and my family have available to put in a TFSA. And certainly I have not received accountability or transparency commensurate with what I would hve received by buying shares in a publicly traded company.
- Paul