I hate to say I told you so...--posted by Tony Garcia on 3/18/2005
Hmm, Light Rail is a huge waste of money. And other rail projects are also a large waste.
This Heritage Foundation report points out the outrageous costs of LRT.
"The Minneapolis "Hiawatha" light rail line, now under construction, will cost $19.00 per new rider. This amounts to $8,550 annually per new commuter--enough to lease a BMW X-5 Sport Utility Vehicle."
How about San Francisco's...
"San Francisco's proposed Third Street light rail line will cost $40.50 per new ride, which is equal to $18,225 annually per new commuter. [O]ne could lease [a] Grand Am and use the remainder of the annual subsidy for the average mortgage payment in the nation's most expensive housing market."
I hate to say I told you so, but LRT was a waste, is a bigger waste and will always be a growing waste of time, money and resources.