Quote:
Originally Posted by Doug
This goes to show how ridiculous inflation has affected construction costs. Sure the $100M estiamte is from 30 years ago and the design spec is probably considerably higher now, but still scary to see $100M turn into a several billion over a period of time when the CPI has averaged around 2%.
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You'll also notice that the $9 million was forecast to have a return of 11%. Reminds me of when I used to be able to double a CSB every 7 years or so. Times certainly have changed on many economic fronts.