No Amount of Money Is Too Much

Is there any transit construction project that is so expensive that a transit agency will say, “Let’s not do this”? The Antiplanner has argued that the answer is “no”; instead, the only question agencies ask is, “Where are we going to get the money to do this?” Evidence for this view has recently come to light in San Francisco and Baltimore.

Architect’s model of the planned San Francisco transit center. Note the bottom level has commuter trains on the outer tracks and high-speed trains on the center tracks even though the prospects of high-speed rail ever reaching San Francisco are dimming every day.

Last January, I observed that the price of a 1.3-mile commuter-rail extension that San Francisco was planning had increased from $5.0 billion to $6.7 billion, or more than $5 billion a mile. I pointed out that there were several viable alternatives to spending what would be a record amount of money per mile on a transit project, including replacing the trains with buses or terminating the trains at a different location just seven minutes away. Now comes the news that the cost of the project has increased again to $8.25 billion, or more than $6.3 billion a mile. Continue reading