Seattle’s Light Rail

Seattle’s Light Rail Sets Record for Environmental Harm

 

The system cost $2.3 billion to build.

 

$2.3 billion, financed at 6% interest over 20 years would cost $16 million per month, capital costs alone.

 

15,000 rider per day, 30 days per month= 450,000 rides per month. Capital cost per ride is $35.50. Operating costs per ride…unknown.

 

Some rides are for 2 or 5 miles. That’s a rather high cost per mile.

 

Seattle will get a reputation for computational deficiency, financial retardation.

 

Passed in the name of protecting the environment, the results are confounding. $16 million per month could buy and protect 320,000 hectares of Mexico’s rain forest, EVERY MONTH. Environmentalists are lousy at finance.

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