Actually, $1.25 billion is the low estimate for a light-rail line from Portland to Milwaukie, Oregon. Depending on the routing, it could be as high as $1.4 billion, not counting cost overruns.
For those of you not familiar with Portland, Milwaukie is not some distant suburb. It is immediately adjacent to Portland. I used to commute (by bike) through Milwaukie on my way from Oak Grove to Portland, and it was 8 miles to downtown. (I probably also rode faster than the light rail will go.)
