Getting the dope on that City Light Deal

You might remember a few years back that the city sold off the poles and lights it owned to Toronto Hydro for much needed cash. Today we found out why. And the costs to the city over the next 30 years.

Here's the background from today's Star Bill for Toronto street lights will top $400 million Toronto to pay $420 million to rent lights it sold for $60 million in last-minute 2005 budget deal

This scenario provides another reason why it would not make money sense to sell this city owned (100% of equity) asset.