It's worth noting that although BRT costs less in the short term, it costs a lot more in the longer term. An articulated bus in Canada can hold around ~110 passengers, while the CAF LRVs will be able to hold around 288. There are articulated bus variants internationally that can carry up to 270 passengers, but I can't speak to those. With the Canadian models, you'd need roughly five articulated buses with five operators to carry the same number of people as a two-car train with one operator. An LRV can last anywhere from 30 to 40 years (although, Edmonton is pushing its U2s to 50), but a bus only lasts 18-20 years if it is given a mid-life refurbishment; meaning you need to replace those buses roughly twice as often as the LRVs. You also need more storage space for all those buses than you would for LRVs, more people maintaining them, and a larger budget for fuel (and I presume parts too, but I could be wrong).
Although specific to Edmonton,
this report to Council provides some interesting numbers (bolding is mine):
"A BRT scenario was evaluated with the assumption that articulated buses would be used, which can each accommodate 70-85 people.* For this exercise, the Valley Line LRT is assumed to operate with two 40-meter low-floor vehicles during peak hours, which can accommodate 275 passenger per vehicle, or
550 passengers per train. Therefore, seven articulated buses are required to provide the same capacity as a two-car train. The typical lifespan of an articulated bus is 12 years, whereas a light rail vehicle has a life expectancy of 35 years.
Therefore, to move the same number of riders by bus over the life expectancy of a single two-car low-floor train, a total of approximately 21 buses is required. This also results in a corresponding increase in staff time to operate and maintain the fleet of buses compared to LRT. Generally, LRT vehicles are less expensive to operate on a per-rider basis compared to buses, as the cost to maintain, operate and power a single two-car LRT train is less than that for seven articulated buses.
As a result of these factors,
the total life cycle cost of a BRT system over a 35-year period could be 20-30% more than that of an LRT system. As LRT and BRT technology evolves, there may be new vehicle types such as double articulated buses or rubber-tire mounted trains, which may increase the capacity of BRT and make it more competitive with LRT."
Keep in mind that the original plan for the Green Line Transitway was that it'd be upgraded to LRT in roughly 10-30 years; I can certainly understand why the city jumped at the increased funding opportunity to skip all those operating costs and go right to LRT. With what's happening now, would it be worth to go the route that's cheaper now but pricier over time? I dunno, but I get why people find it tempting to at least consider.
*The capacity figure that I cited is different from the report's figure, but mine also comes from
a City of Edmonton page.