Kudos to the Independence Institute

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For opposing FasTracks from the beginning, rightly observing that the project would run way over budget. FasTracks, for you out-of-towners, is a massive expansion of rail service provided by local public transport service RTD, for which voters approved a sales tax increase in 2004.

Today's Denver Post front page headline: FasTracks price tag jumps

The price of the FasTracks rail expansion — if it is to be completed by 2017, as promised to voters — has jumped from $6.1 billion to $7.9 billion, according to officials familiar with RTD's latest analysis of the program.

It was less than a month ago when the cost was reported to have jumped from $4.7 billion to $6.1 billion, so the Post is still minimizing the cost increase over the promised price.

If a private company were so shoddy with its finances it would likely not survive. Sadly since RTD is a government program we are stuck with it, and forced to pay for it.

But what's a few billion among friends?

2 Comments

Walter I hope you don't die Thursday.

I take it you won't be joining us downtown for the blogger bash?

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This page contains a single entry by published on August 21, 2008 11:04 PM.

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