Proponents will cite the fact that light rail will create jobs. But
so will building lane miles and bridges. Minnesota Department of
Transportation studies have proven that roads have a benefit/cost ratio
greater than one, meaning that the economic benefit of a project
outweighs the actual cost of the improvement and will pay for itself
over time. Most road and bridge projects have ratios of three or four,
meaning that $3 or $4 of calculated value is returned for every dollar
of costs. The Hiawatha Line was projected at 0.42 in 1999, meaning that
for every dollar spent, we receive 42 cents in value.
When you look at the costs, building more light rail lines is nothing
short of a money pit that will bankrupt our state and our nation. It is
time to cut our losses and stop this madness.
FULL ARTICLE HERE
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