Land Value Drive Up Transit Costs
5 January 2001 - 8:00am
Transit planners in Silicon Valley are faced with rapidly rising costs -- and $300 million for a mile of new road is a good deal.
"When bulldozers next summer begin widening Highway 101 outside Morgan Hill, the project is expected to cost $2.1 million a lane for every mile of new pavement. That's a bargain. Most new roads now cost three to five times that much, according to a Mercury News review of recent Silicon Valley projects." Why? The cost of housing has skyrocketed.
Full Story:
Land values drive up road costs
Source:
San Jose Mercury News, January 2, 2001
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