Would you pay $6 billion for a 13-stop system?
"Are the wheels coming off America's biggest monorail commuter-train experiment? As the [Seattle Monorail Project] slashes at a bid proposal-the project might be losing as many as six of 19 planned stations-monorail officials say progress is being made...But according to some estimates, a 30-year monorail bond issuance, at 6 percent interest to finance $1.5 billion, will, over its lifetime, cost taxpayers more than $4 billion. A similar...50-year bond would mean $6 billion paid by taxpayers over time."
Thanks to David Gest
Read the full story: A $6 Billion Monorail?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello