Reason Foundation

Reason Foundation

Miami gets a two-thirds hosing

Ted Balaker
January 2, 2005, 10:22am

How could this happen? But it was just an honest mistake, right? Doesn't seem like it. According to a Miami Herald investigation, here's how the swindle went down: Error or lie? That's the subtitle of this study of cost projections in public works projects. The authors fall down on the "lie" side, and note that, while many transportation projects are more costly than projected, rail projects have the steepest cost escalation of all.

Ted Balaker is Producer

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