CB’s first ground-shifter was its revelation that anti-rail activist Tom Rubin helped write the study, which says the project will cost $1.7 billion more to build than the City’s projection.
Civil Beat reports today that IMG made a $227 million error in comparing its estimate with the City’s figures. CB says IMG used a City construction estimate that did not include finance charges, then compared it to a number recommended by the federal government that does include finance charges.
The difference between the two dissimilar estimates was $227 million. “It’s as if (IMG) compared apples to oranges,” CB writes in its Members-Only content.
The City is doing its own evaluation of IMG’s study and will release it at a date as yet uncertain. The rail project’s deputy manager provided an assessment a few days ago.
NARP Wants To Ride
The National Association of Railroad Passengers has issued a statement that also notes activist Rubin’s involvement with the IMG study.
NARP members are used to long train trips across the continent, but we hope they’ll make long-range plans to ride Honolulu’s 20-mile elevated line in a decade or so. The view from the trains will be spectacular.