Denver RTD Makes the Case for Public-Private Funding, says Progressive Railroading. In fact, Denver’s Regional Transit District is making the case for lying to the voters about everything possible in order to get as much of their money as possible.
The first lie was that FasTracks, Denver’s rail transit plan that Progressive Railroading calls “one of the largest transit expansion programs in the country,” would cost $4.7 billion. Soon after the election, RTD admitted the real cost would be $7.9 billion. Thanks to the recession, the cost has supposedly fallen to $6.9 billion, but none of these estimates include interest and other finance charges.
The second lie was that RTD would build six new light-rail or other rail lines. In order to get the support of all of the suburban mayors in the region, RTD had to promise to build all the lines at once, as mayors realized that any that were deferred to later would probably never be built. Today, RTD realizes that the Northwest line to Boulder and Longmont is just far too expensive and will carry too few riders to be worthwhile. But that applies to the rest of them too, it’s just that RTD doesn’t have enough money to build them all.
