"In 2009, the line was expected to cost $1.6 billion. By 2011, mounting costs and persistent delays had pushed the total over $2.2 billion. Undeterred by its $2.3 billion revenue constraint, the Baltimore Regional Transportation Board called for spending 93% of the area’s entire revenue between 2016 and 2021 on this single corridor. As a result only 7% of the funding is available for all the other highway and transit needs. That was two years ago. As of last month, the governor’s office reported the line will cost $2.6 billion—over $185 million per mile. There is not yet a clear explanation of where all this money will come from, nor what other projects will get axed to make way for light rail, but proponents of the plan remain hopeful that federal grants will cover an unspecified portion of the construction costs."
Posted on: Mon, 15 Jul 2013 20:13:22 +0000
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