Friday, August 12, 2016

5 Billion Here, 5 Billion There...

The rail tunnel Christie cancelled, which probably would have done some good for New Jersey (especially relative to the current tunnels collapsing scenario), would've cost 2-3X more.

When, or if, American Dream Meadowlands opens, it will likely have cost upwards of $5 billion, split over three developers and more than a dozen years of stop-and-start work.

"I think that makes it the most expensive retail project on earth," Don Ghermezian, a principal in the Triple Five Group, which is developing the megamall, told the New York Times.

Yes this is an apples to oranges comparison, but it does show us that nice things usually aren't nearly as expensive as people want to believe. We'll always have the megamall. Well, if it opens. And maybe for 30 years or so after that.