Thursday, August 25, 2005

Cost of Rail Up, Again

You will be reading that headline again and again as the Triangle area continues the foolish pursuit of a light rail system that nobody will ride. The rail project will provide an excellent opportunity, however, for politicians to redirect taxpayer money to their friends and contributors in construction, marketing, finance etc.

The latest story adds $58 million to the price for the rail project. This increase in cost makes even more problematic the issue of justifying the cost with ridership estimates that the Federal Transit Administration has rejected.