Sunday, August 24, 2008

Price Of FasTracks Continues To Rise

RTDs FasTracks continues to revise its cost estimates for completing the FasTracks project on time. As oil and other energy prices soar and sales tax revenue dips, the finishing price will likely continue to rise, placing the latest estimate at $7.9 Billion (up from $6.1 Billion).

Opinion: This is not unprecedented, nor wholly unanticipated. The price of oil and hassles of driving will continue to push commuters away from cars and onto cheaper, efficient Light Rail. New growth around the completed Southeast Corridor reinforces the principle that better transportation brings prosperity and opportunity, two things Denver will need to continue to thrive. Politicians will continue to wrangle over the cost, but there's no getting around the triple constraint.

In the News: