Lessons Learned

AuthorC. Ian Kyer
Pages163-173

Epilogue
LESSONSLEARNED
balesbetweentheCityofTorontoanditsprivatesec
tor transit provider were fought more than a century ago, there are various
parallels with more recent public/private partnerships. Even today we must
grapplewiththeirrepressibleconictthatDelosFWilcoxthewidelyac
ceptedexpertonmunicipalutilityfranchiseswroteofinAshenoted
acenturyagothereisafundamentalconictofmotivesbetweenthepublic
andtheprivatesectorNoamountofregulationandnopossibledevelop
ment of good will and the spirit of cooperation can change the fact that pri
vatecorp orations operating municipal utilities do so for prot and for as
muchprotastheycangetwhiletheconsumersandthepublicstrivetoget
asmuchserviceastheycanattheleastpossiblecost
As is typical of private partners, the people behind the Toronto Railway
Company TRC saw the  tendering process as an i mportant high
proleopportunitytogrowabusinessandmakeahandsomeprotThey
knew, however, that to be successful and achieve their goals, they had to
impose discipline on the project and upon their public sector partner. That
meant carefully analyzing the City’s conditions, and developing and adher
ingtoabusinessplanthatwouldmeetthoseconditionsandturnaprot
They needed to know how much money would be needed to build the sys
tem, when it would be required, how much revenue could reasonably be
expected, what contingencies needed to be built into the plan, how long the
projectwouldtakebeforeitwasprotablequestionsonwhichanycareful

To continue reading

Request your trial

Unlock full access with a free 7-day trial

Transform your legal research with vLex

  • Complete access to the largest collection of common law case law on one platform

  • Generate AI case summaries that instantly highlight key legal issues

  • Advanced search capabilities with precise filtering and sorting options

  • Comprehensive legal content with documents across 100+ jurisdictions

  • Trusted by 2 million professionals including top global firms

  • Access AI-Powered Research with Vincent AI: Natural language queries with verified citations

vLex

Unlock full access with a free 7-day trial

Transform your legal research with vLex

  • Complete access to the largest collection of common law case law on one platform

  • Generate AI case summaries that instantly highlight key legal issues

  • Advanced search capabilities with precise filtering and sorting options

  • Comprehensive legal content with documents across 100+ jurisdictions

  • Trusted by 2 million professionals including top global firms

  • Access AI-Powered Research with Vincent AI: Natural language queries with verified citations

vLex

Unlock full access with a free 7-day trial

Transform your legal research with vLex

  • Complete access to the largest collection of common law case law on one platform

  • Generate AI case summaries that instantly highlight key legal issues

  • Advanced search capabilities with precise filtering and sorting options

  • Comprehensive legal content with documents across 100+ jurisdictions

  • Trusted by 2 million professionals including top global firms

  • Access AI-Powered Research with Vincent AI: Natural language queries with verified citations

vLex

Unlock full access with a free 7-day trial

Transform your legal research with vLex

  • Complete access to the largest collection of common law case law on one platform

  • Generate AI case summaries that instantly highlight key legal issues

  • Advanced search capabilities with precise filtering and sorting options

  • Comprehensive legal content with documents across 100+ jurisdictions

  • Trusted by 2 million professionals including top global firms

  • Access AI-Powered Research with Vincent AI: Natural language queries with verified citations

vLex

Unlock full access with a free 7-day trial

Transform your legal research with vLex

  • Complete access to the largest collection of common law case law on one platform

  • Generate AI case summaries that instantly highlight key legal issues

  • Advanced search capabilities with precise filtering and sorting options

  • Comprehensive legal content with documents across 100+ jurisdictions

  • Trusted by 2 million professionals including top global firms

  • Access AI-Powered Research with Vincent AI: Natural language queries with verified citations

vLex

Unlock full access with a free 7-day trial

Transform your legal research with vLex

  • Complete access to the largest collection of common law case law on one platform

  • Generate AI case summaries that instantly highlight key legal issues

  • Advanced search capabilities with precise filtering and sorting options

  • Comprehensive legal content with documents across 100+ jurisdictions

  • Trusted by 2 million professionals including top global firms

  • Access AI-Powered Research with Vincent AI: Natural language queries with verified citations

vLex

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT