A new financial analysis suggests the proposed extension of Chief Peguis Trail may deliver fewer long-term benefits than previously projected, though Winnipeg Mayor Scott Gillingham says he remains committed to the project. According to a reassessment by financial advisory firm Deloitte, the project’s net value over time is now estimated at $41.8 million, a sharp drop from an earlier estimate of $98.2 million. “I believe long term that the extension of Chief Peguis Trail is very important for the future of Winnipeg,” said Scott Gillingham, mayor of Winnipeg. Updated traffic modelling by city staff estimates the project’s net value could rise to $279.5 million. “At the end of the day, it still shows a net positive benefit, and when we think about long term,” said Gillingham.