Publicly funded transit projects are not the only ones that overestimate ridership and underestimate costs. The casinos that own the Las Vegas Monorail, which started operating in 2004 and went bankrupt in 2010, wants to borrow $110 million to extend the line about 0.8 miles. That’s a lot of money for a system that carries less than 13,000 riders per day.
Flickr photo by James Cridland.
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