Unfrigginbelievable!
A look into the economic benefits of New York's long-proposed Second Avenue subway:
Among the report's conclusions, already generating controversy: the price tag for the Second Avenue subway exceeds its economic development benefits by nearly $2.7 billion, largely because it would take 17 years to build.
The report, conducted for the partnership by the Boston Consulting Group and the Urban Transportation Research Center at the City University of New York, assesses economic development by incorporating real estate development, the increase in property values, jobs and income and sales and tourism. The subway project would produce $12.6 billion in benefits, but it would cost $15.3 billion, it says.
$15.3 billion over 17 years? Do they plan on tunneling with sporks?
Post Author:
rj3 | 10:51 AM |
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