Reason Foundation

Reason Foundation

Pricier, later, shorter II

Ted Balaker
January 12, 2005, 10:37am

The rail three-step strikes again. This time in Raleigh-Durham. Pricer: The rail line was originally supposed to cost $250 million, but then rose to $844 million. The price was then trimmed to just under $700 million, still much higher than the original projection. (Last August the local transit agency also asked the feds to cover 61 percent of the capital costs, up from 50 percent.) Later: The line was supposed to open in 2007, and this could delay it again: If this isn't resolved, it could actually kill the project. Again, media reports fail to show the big picture. For example, this article gives the impression that 2008 was the opening year all along: Shorter: How did the transit agency cut costs? By cutting the project--from 35 miles to 28, and from 16 stations to 12.

Ted Balaker is Producer

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