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The real killer is that the $64B total project cost was the initial estimate. And costs are now up 77%! So we are likely north of $100B total cost. And bond rep
by stmfreak 9y ago
The real killer is that the $64B total project cost was the initial estimate. And costs are now up 77%! So we are likely north of $100B total cost. And bond repayments triple that to $300B over 30 years. Funds which are currently being diverted from the State's Highway Improvement fund. All so Brown can build a monument to 1800's rail technology that poorly competes with the 1900's airline industry.
- 1024core 9y ago> The real killer is that the $64B total project cost was the initial estimate. And costs are now up 77%! So we are likely north of $100B total cost. Actually, the initial estimate was close to $100B. But when the public reacted with shock, they handwaived and said the cost would now be $68B. Just like that: poof! $32B knocked off the budget. Of course we all know that the initial cost was more accurate; and the final cost will be a lot more than $100B.