Thursday, June 25, 2009

Procyclical

Obviously my pet projects are more important than anything, but aside from that it's really bad from an economy perspective to be pulling back on public projects.

Phoenix officials have put the brakes on the new light-rail system's first expansion, saying it cannot afford to build tracks or operate trains along another 3 miles of 19th Avenue.

The delay of at least 16 months means the soonest the light-rail extension can open is 2014, about six years after the starter line opened.