Showing posts with label Joe Cortright. Show all posts
Showing posts with label Joe Cortright. Show all posts

Tuesday, August 21, 2012

President demands bridge... also wants pony

This article in the Willamette Week reveals a happy truth to the startling news that President Obama has given the Columbia River Crossing "Expedited Status"



'Obama is not the first president to offer such encouragement to the CRC', the Wweek noted, 'President Bush ordered the same expedited status in 2008. But neither Bush nor Obama offered anything more than encouragement. 
Permitting has not been the issue, as local, state and federal agencies have rubber-stamped the plan developed by the Washington and Oregon Departments of Transportation.

What is preventing construction is that no one wants to pay for it. And why should anyone want to pay to replace a working bridge that is rated better than the bridge, which a few miles south of the CRC as you leave Portland on I-5 (the Marquam Bridge)
But Congress—which is supposed to provide a third of the $3.5 billion cost—is not looking to send money to blue states these days; neither Washington or Oregon's Legislatures have approved the $450 million each state is supposed to provide; and the projected toll revenues that are to provide the final third have been found to be wildly inaccurate.
 Even looking at USA Today's coverage the press release stating support from the White House seemed tepid, even passive. (note the other projects listed request 25 million for a bridge in Maine and 89 million for railroads in Washington, as opposed to the 3500 million for the CRC. That's TWO extra zeros if you weren't paying attention.)

Finally our favorite economist, Joe Cortright offered some scathing words for the project costing taxpayers a million dollars each month:
"The sooner the CRC faces its day of reckoning, the sooner we can stop wasting money on a project that we don't need, can't afford, and doesn't solve the region's transportation problems," says Portland economist Joe Cortright, a longtime critic of the project.
 Thanks for setting the record straight!

Wednesday, August 5, 2009

spanging 4 billions


Yes we are stil in the heat of Joe Cortright days.

"With an estimated price tag of $4 billion, this proposed five-mile, 12-lane freeway would be the most expensive public works project in the region's history. The cost works out to more than $8,000 for each four-person household in the region or roughly the equivalent of 80 OHSU trams." - Joe Cortright
In this Oregonian article Cortright proposes a simple question. "who is gonna pay for all this?"

The sound of everyone not raising their hands is pretty apparent.

Wednesday, July 22, 2009

The Economy of the Future Part 3

Joe has some pretty good numbers. In this final episode of his testimony he explains the fallacy of the Safety concerns the CRC people are selling us.


Moreover He shows hos important it is that we improve the railroad bridge for moving freight.



Here is Joe Cortright's 6 Prudent Steps for solving the problems the CRC is trying to solve.

  1. Toll the existing bridge
  2. Improve transit
  3. Fix the railroad bridge
  4. Seismic upgrade for I-5 bridge
  5. Modify Hayden Island ramps
  6. Light rail to Clark County

Tuesday, July 21, 2009

The Economy of the Future Part 2

What about funding?



Yes he said the CRC is "80 times more expensive than the Ariel Tram"

Not to sound like a jerk, but how dense is PDX? How about the Couve? What about the planners who expect that planners who think that we can build our way out of congestion?

Stand by for the conclusion of Joe Cortright's testimony to City Hall, "The Economy of the Future Part 3" " available here tomorrow.

Monday, July 20, 2009

The Economy of the Future Part 1

Joe Cortright provides some spirited info about the future of building more driving capacity.

Get your econ on.



Thanks for sharing, Joe!

Wait for "The Economy of the Future Part 2", coming tomorrow!