San Diego Mid-Coast Trolley Per-Mile Cost in 2013 More Than FIVE Times 2002 Estimate – S.O.P.
[NOTE: I wrote this item in the fall of 2013, but the lesson concerning passenger commuter rail is universal. The problems I found with the bogus projections for this rail line are CONSISTENTLY found in just about EVERY commuter rail line built in CA — and indeed the WORLD. The only difference is the degree of “inaccuracy” — a.k.a. outright fraud.]
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.
http://www.lightrail.com/projects.htm#San_Diego
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.… Read More