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Funding is adequate, costs are simply out of control Yeah, that's the bottom line. Govt funded infrastructure projects are totally out of control, it's not jus
by PhantomGremlin 11y ago
Funding is adequate, costs are simply out of control
Yeah, that's the bottom line. Govt funded infrastructure projects are totally out of control, it's not just NYC.
My favorite example is local, in Oregon. In 1982 a very fine bridge was opened across the Columbia River. It cost $170 million.[1] Fast forward to recently. Before the plug was finally pulled, estimated costs for a second bridge a few miles away were $2.8 billion.[2] And that was for a scaled down version. Other estimates were as high as $10 billion.
Yes we've had some inflation in the last 30 years. But the cost increases far outpace inflation. And nobody in government cares. All they do is say "we need it", without doing any critical thinking. What they really mean is "we want it".
It's like the teenagers in my house. They want everything, they don't care how much it costs. They haven't earned the money they want to spend, so to them any possible costs are meaningless.
[1] https://en.wikipedia.org/wiki/Glenn_L._Jackson_Memorial_Bridge https://en.wikipedia.org/wiki/Glenn_L._Jackson_Memorial_Brid...
[2] https://en.wikipedia.org/wiki/Columbia_River_Crossing https://en.wikipedia.org/wiki/Columbia_River_Crossing