HONOLULU RAIL: IT JUST KEEPS GETTING WORSE
by Wendell Cox, New Geography, May 19, 2016
There seems to be no end to the difficulties facing Honolulu’s urban rail project.
In an editorial, Honolulu’s Civil Beat noted
that federal officials fear the project cost may reach $8.1 billion,
which is more than 50 percent above the “original estimate” of $5.2
The cost blowout of nearly $3 billion would be far more than state consultants suggested in a 2010 report. That report, by the Infrastructure
Management Group (IMG) in conjunction with the Land Use and Economic
Management Group of CB Richard Ellis and Thomas A. Rubin estimated a “most likely scenario” in which the rail cost overrun would have been $909 million (Note).
however, a particular concern to local citizens, since it has been
suggested that no rail project has cost more in relation to its
population base in US history. If the the project costs $8.1 billion,
the IMG et al report estimate will have turned out to be far too
conservative, less than one-third the overrun.
At $2.9 billion
this extra cost is nearly $3,000 for every man, woman and child in
Honolulu. It is more than $8,500 per household.
read … New Geography
The Civil Beat editorial is here.
Note: Thomas A. Rubin’s more recent analysis of rail and transit ridership in Los Angeles is here