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Friday, March 18, 2005

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.


Blogger TRUTHMISSILE said...

Who funds the Heritage Foundation? Why would they issue reports that favor the people who give them money? Wouldn't you do the same thing if you were getting paid to do it?


"...From its initial grant of $250,000, the Heritage Foundation's budget quickly expanded to $5 million because it was able to enlist the support of corporate foundations. (44) Feulner claims that the foundation has received funding from 87 top corporations. Included among them are Richard Mellon Scaife (Gulf Oil), the Coors family, Justin Dart (Dart Industries) the Bechtel Corp, Dow Chemical, the Readers Digest Association, Chase Manhattan Bank, Mobil Oil, Smith Kline Corporation, and G. D. Searle."

Would any of these groups have something to gain from opposing light rail projects? Money perhaps?

March 18, 2005  
Blogger TRUTHMISSILE said...

You're more than welcome to leave a comment on my blog, keep the exchange open:


BTW, if California is such a wasteland, why does everyone want to move here? Why are our home prices so high?

March 18, 2005  

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