Wednesday, February 17, 2010

They lied about the ridership, they lied about the costs, so why wouldn’t they lie about the jobs?

Randall O'Toole's blog provides this sobering insight in Rail Jobs Overestimated.

Randall also predicted Honolulu's likely predicament with rail by analyzing the extension of a heavy rail line in Washington, D.C. in $6 Billion Down the Drain

The interesting thing is that the motivation and conclusion are the same for Washington and Honolulu!
So taxpayers are on the hook for spending at least $5.2 billion — more likely $6 billion or more — for a rail line designed solely to benefit a few property owners and developers. But, as it turns out, even they won’t benefit from it.

Because rail is the 5% solution... 5% will use it, the remainder 95% will be stuck in horrendous congestion. And with more potholes and lane closures from water main breaks because the city's budget will be broke.

Is that a legacy worth leaving to our children?

1 comment:

PRT Strategies said...

For the years I've been involved in the transit business, I've never encountered a situation where ridership was correctly estimated or underestimated. And unfortunately, no one ever seems to own up to these situations, and the press is too lazy to follow up.

A similar situation exists here in California where ridership for high speed rail is overestimated to the point of being illegal as far as the pursuit of federal funds.