Today the Cato Institute is publishing a new report on high-speed rail. In consideration of the work that went into that report (which is partly based on past Antiplanner policy briefs), I am taking this week off of my usual Tuesday policy brief.
Honolulu buses could easily move the number of passengers likely to ride the train, for far less money. Photo by 123TheBusHonolulu6969.
Instead, behold the latest revelations about the Honolulu rail transit line, which is currently under construction. Originally projected to cost less than $3 billion, the Honolulu Authority for Rapid Transit (HART) now admits that it is expected to cost $11.3 billion, or “about $12 billion” when finance charges are included. This is after years of denying that the cost would rise above $10 billion. Continue reading
