City may postpone new LRT over $515 million shortfall

EDMONTON – A $515-million shortfall for the southeast to west LRT means tough choices for council.

Council can either postpone the project, expect inferior construction bids, or backstop the project with city funds until other levels of government come through, potentially increasing city debt and raising taxes by 2.5 per cent, says an update released by the transportation department Thursday.

Read more: http://tinyurl.com/mlu6qad