Ever since the Evergreen Line was announced, one of the largest questions surrounding the proposed line was “how much?” (the other being “when?”). The $1.2 billion extension already has $800 million from both the federal and provincial governments, with the remaining $400 million to come from TransLink.
In order to support the new SkyTrain extension, which falls under the 2011 Supplemental Plan, the transit agency needs to come up with funding. TransLink’s Board of Directors has approved two 2011 Supplemental Plans and is asking for the Mayor’s Council to approve them. If no alternative funding is found, property taxes would need to be increased to cover the costs.
The base plan includes the Evergreen Line and the first phase of the North Fraser Perimeter Road while the second plan includes the first two projects, increased bus service and various improvements to infrastructure in the region. TransLink is pushing for the second plan, which is the most expensive of the two.
The Mayor’s Council are scheduled to vote sometime in December 2010.