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| Re: Krugman bloviates (GAO blah Christie blah blah blah ARC blah blah) (1150917) | |||
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Re: Krugman bloviates (GAO blah Christie blah blah blah ARC blah blah) |
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Posted by J trainloco on Sat Apr 14 22:54:23 2012, in response to Krugman bloviates (GAO blah Christie blah blah blah ARC blah blah), posted by Olog-hai on Sat Apr 14 16:10:04 2012. Your paper already admitted to $10 million in costs,which vindicates Christie endlessly; the papers before and during the cancellation kept saying "$7.5 billion,$7.5 billion".Sometimes, I honestly have to wonder if even you believe what you post. First, the number quoted was 8.7 Billion, NOT 7.5. Second, all these estimates were performed PRIOR to completion of design. Therefore, they were always rough estimates, and that was why there was a higher end of those estimates, which according to NJT was 10 Billion, and according to FTA was 12.4 (or .5. I can't remember). However, Christie based his decision to cancel the tunnel on what he claimed were estimates that reached as high as 14B. The GAO has essentially stated that no such estimate existed, and Christie has not denied that claim. Therefore, the 10B number does nothing to vindicate Christie. BTW, if Christie cared about solving this issue, he would not have cancelled the project, and would have instead value engineered the project, perhaps even re-routing the new tunnels to NYP and building new platforms there. But he didn't. His aim was clearly to use the money to fix NJ's roads. |
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