The latest cost estimate for Seattle's planned monorail could run as high as $14 billion -- $1 billion per mile.
"Monorail leaders and some city officials, spinning the effects of the financial sticker shock, continue to downplay interest expenses. They weren't mentioned in recent two-page SMP newspaper advertisements announcing the contract, which listed "cost" at $1.615 billion. As SMP Executive Director Joel Horn puts it, the price seems high because some are comparing today's dollars with future dollars and not realizing that in 40 years, today's dollar may be worth only a dime."
Thanks to Profession of New Urbanism Listserv
FULL STORY: One Billion per Mile
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