Hawaii Business magazine has a new report about Honolulu rail. The headline asks, “How Much Will It Cost Us In The End?”
There are questions of how much over original projections the rail project currently is. Or whether it is really over budget at all. Anywhere from zero (according to HART), to $1 billion. And, of course, whether there is an upper limit on how high the costs could go. Anyone with an interest in rail should read the story.
The only thing we have to add is that in our view (as we wrote here), the only honest answer is “as much as it takes.”
The project is already being built, and they aren’t going to simply stop now that they’ve started to pour concrete. In addition to having commenced construction, the legal machinery of the project is well underway, with properties being acquired and
