I came across the 2002 estimated cost of the [San Diego] “Mid–Coast Corridor Transit Project” — the so-called light rail line from Old Town to points north. It was $30 million per mile.
Doubtless because of “galloping inflation” (geezers will recall that term — used by President Richard Nixon to describe the 4.7% inflation in the early 70’s that caused him to impose Draconian wage and price controls), naturally this project’s cost today is estimated to be higher. How much higher? Somewhere north of $160 million per mile. Now THAT’s inflation!!
Well, actually, it’s S.O.P. — low-ball the costs to get the project approval, get the project rolling, and only later reveal the true costs. Liar, liar, trolley wheels on fire.
BTW, it’s fun to try to Google the current cost of the project. The SANDAG documents bury the cost deep within the trolley-babble. It’s like an afterthought. Furthermore, the “updated” cost is always wrong. And it’s always STILL too low. Always.