Denver Rail Project Costs More than Expected
NOVEMBER 06, 2009
“Projected costs [of a Denver rail project] have ballooned to nearly $7 billion, and the system faces a budget gap of $2.2 billion, mainly because of a sharp drop in sales tax revenues … Voters could be presented with a proposed sales tax increase as early as next year to finish a system that remains mostly an idea.” (New York Times, Thursday)
Don’t say we told you so.
FEE Timely Classic:
“Mass Transit Mess” by John Semmens