According to pro-rail transit Metro magazine, American cities face a dilemma: the demand for rail transit continues to grow, yet there is a scarcity of federal dollars to pay for it. Fortunately, writer Cliff Henke continues, cities have come up with innovative ways to get around this scarcity.
In fact, most of the things the article says are wrong or, at least, they indicate that cities have too much money, not a shortage. If it weren’t for this surfeit of funds, cities wouldn’t plan ridiculously expensive rail lines that, in most cases, do nothing for transit riders or transportation users in general. This is shown by all of the examples in his article.
The Overpriced Los Angeles Subway: The first example in the article is Los Angeles’ Westside Subway, which will be less than four miles long yet is expected to cost well over $2.8 billion, or more than $725 million per mile. This insane project is expected to attract just 7,700 new transit riders per day. That means the cost of getting one person out of their car for one trip on the subway will be $65. (I calculated this by amortizing the capital costs over 30 years at 2 percent interest, multiplying the daily new trips by 315, which is the average weekday trips per year on L.A.’s existing subway, and dividing annual new trips into the sum of the annual operating and annualized capital costs.)
