The projected cost of the Denver-to-Longmont, or Northwest, rail line–one of six approved by Denver-area voters in 2004–has risen from the 2004 estimate of $462 million to $1.4 billion. For all that money, RTD won’t even get to own the rail line, but will merely rent it from BNSF. Moveover, most of the route from Denver to Boulder and Longmont will parallel a much-less-expensive bus-rapid transit route from Denver to Boulder.
The original cost projection for this corridor, made back in 2001, was just $211 million, an estimate published in a document called the Major Investment Study. This is the only study that seriously looked at alternatives other than rail transit (though it didn’t look at many alternatives), and a cost of $211 million may have seemed reasonable compared to, say, building new highway lanes.
According to this document, by 2004 the estimate had risen to $565 million (in 2002 dollars). (My copy of RTD’s 2004 financial plan says $594 million.) By 2007 the cost had risen once again by $120 million, and by 2008 it had reached $707 million.
