Commentary

The Week Observed, December 15, 2023

What City Observatory did this week Exaggerated Benefits, Omitted Costs: The Interstate Bridge Boondoggle.  A $7.5 billion highway boondoggle doesn’t meet the basic test of cost-effectiveness.  The Interstate Bridge Project is a value-destroying proposition:  it costs more to build than it provides in economic benefits Federal law requires that highway projects be demonstrated to be “cost-effective” in

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Exaggerated Benefits, Omitted Costs: The Interstate Bridge Boondoggle

A $7.5 billion highway boondoggle doesn’t meet the basic test of cost-effectiveness The Interstate Bridge Project is a value-destroying proposition:  it costs more to build than it provides in economic benefits Federal law requires that highway projects be demonstrated to be “cost-effective” in order to qualify for funding.  The US Department of Transportation requires applicants

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Down is not up: The truth about traffic, congestion and trucking

A central message of the highway building sales pitch is that traffic is ever-growing and ever worsening, and that we have no choice but to throw more money at expanded capacity. The Oregon Department of Transportation (ODOT) claims that traffic is every-rising, congestion is ever-worsening, and we’re always moving more and more trucks. The reality,

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