In NYC, Throwing Good Infrastructure Money After Bad

Ten billion dollars — for a bus station. And if other projects are any guide, this price tag for a Port Authority Bus Terminal replacement is only going up from there.

That’s after we’ve committed: $4.2 billion at the PATH World Trade Center station; $1.4 billion for the Fulton St. subway station; $11 billion for the East Side Access project; $4.5 billion for just two miles of the Second Ave. Subway, and $2.3 billion for a single station extension of the 7-train.

Having grown numb to multi-billion price tags for building almost anything, New Yorkers might not know just how messed up all this is. In any other American city, even just one of these fiascoes might well have sunk the entire town.

Read the entire piece at the New York Daily News.

Photo by Metropolitan Transportation Authority of the State of New York (East Side Access: January 13, 2014) [CC BY 2.0], via Wikimedia Commons