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NYC's subway system has nearly 1000 miles of track. The cost of that was spread over years. Similarly, the 68 mile network proposed here will be built over ye
by abduhl 3y ago
NYC's subway system has nearly 1000 miles of track. The cost of that was spread over years. Similarly, the 68 mile network proposed here will be built over years. Based on Boring Company's own PR, it took them a year to build 1.7 miles of track at the convention center. 68 miles will take them 40 years. Considering the reality of construction schedules and the fact that none of this is permitted or designed and using your $50B number, this will take half a century or more to build. So that amounts to less than $1 billion a year. Does NYC take on $15 billion in infrastructure projects a year? Probably.
I find it entirely plausible that NYC would take on $750 billion in infrastructure projects over half a century. Hell, if NYC were to attempt to build their own subway network again using the Second Ave. number (and conceding that it's inflated), it would take nearly $5 TRILLION dollars. Handicap that number for the inflated cost and we're still looking at NYC having already spent multiples of the amount you are asserting NYC would equivalently have to take on on a project-to-project basis with this.
As to the rest of your post, I agree - this proposed 68 mile tunnel system in a place that lacks the requisite urban density for public transit efficiency will have limited ridership and will be worthless, if it's ever completed. More likely it will be abandoned partway through and will only serve to become a literal obstacle to future tunnels/development.
- rayiner 3y agoNYC has not spent $750 billion on subway expansion (adjusted for inflation) even over more than a century. To use the IND 8th Avenue line as a benchmark, the second to last trunk line, the 14 route miles were built for about $4 billion in today’s money. The whole system has 248 route miles, almost all of it built before 1948. Assuming it was built at the same per-mile cost as the 8th Avenue Line, that’s about $70 billion or so in today’s dollars for most of the original network. The NYC MTA spends $7 billion a year on capital expenditures, not $15 billion. Most of that is maintenance, not expansion. No transit system can spend anything close to 100% of their budget on expansion over that time horizon. So your $1 billion a year is probably more like $2 billion accounting for maintenance. That is more than the entire Las Vegas budget.