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Old Posted Jan 30, 2007, 1:37 AM
slock slock is offline
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Join Date: Jul 2005
Location: Los Angeles
Posts: 383
I agree that the State's population will get bond-weary. And they should, what do we have the second lowest credit rating?

But that's why it's important not to delay it any longer. It's already been delayed twice, materials and labor costs will only increase, and it is now law to reduce greenhouse gas emmissions. BART cost $1.6B to build in the 1960s and would cost over $14B to build today. Without BART the Bay Area would come to a standstill. It's the same story on a much larger scale.

The significant and oft forgotten element is how this will return money. Studies have shown that this will return $3 for every $1 invested, something extra lanes on a freeway could never do.
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