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| Re: GAO nails Christie for exaggerating costs ARC cash grab (1150108) | |||
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Re: GAO nails Christie for exaggerating costs ARC cash grab |
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Posted by J trainloco on Tue Apr 10 18:43:41 2012, in response to Re: GAO nails Christie for exaggerating costs ARC cash grab, posted by Chris R16/R2730 on Tue Apr 10 14:53:12 2012. The GAO report is rubbish. The number Christie used to justify the cancellation of the project was accepted by everyone as being realistic.Accepted by who? Who else had access to the existing planning and contract documents and performed an independent analysis to verify this? The article pretty clearly states 2 things: 1, that the estimate was never truly revised to reflect that it went from a low end of 8.7B and high end of 10B to a low end of 11B and high end of 14B. Christie's spokesperson does not deny this. 2, that the claim bandied about that NJ taxpayers would be on the hook for 70 percent of the cost of the project was patently false. The article states that the number was actually 14.4 percent. Christie's office does deny this claim, but he does so by saying that the 70 percent number also represents the money from PANYNJ (definitely not NJ taxpayers), and money from the feds for the project that could be expended on highways and roads. Christie himself isn't denying the report, so why should anyone else? |
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