RTD stunned by BNSF’s charge for use of northwest rail lines
“That $500 million made us sit back a little stunned,” said RTD chairman Lee Kemp, who wasn’t at the meeting but learned the price shortly afterward. “It was a deal changer,” he said. The miscalculation was the latest in a long line of run-ups in estimates that caused the cost of the FasTracks rail-transit plan to catapult from $4.7 billion in 2004 to $7.4 billion today. On the Northwest corridor alone, the cost jumped from $461 million to $1.7 billion.
Truly, this must be the definition of amateur hour (month/year/decade) From the comments:
If this was a private company there would be indictments.
