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re: The Costs of Stopping the Tram

Submitted by jim karlock on Thu, 03/30/2006 - 5:57pm.

Sam,
There are some hidden assumptions here:

1. The project is 6 times the original estimate. What guarantee do you have that they got it right this time? Suppose they find another $10-20 mil in costs? Would stopping it now look good in hindsight?

2. Why do we believe that if it is finished, the others will keep their promise to pay back the city? Who is guaranteeing their payment?

Thanks
JK

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