I had made a serious attempt to comment less in this blog, due to how properties owners, politicians, and, RTD, ruined any chance of a good through downtown public transportation system. However, after reading this week end's editorial in the Denver Post- 02/21/15 titled "Funding plan for I-70 fix risk-free" and the follow up articles in the Sunday 02/22/15 Denver Post concerning the need for alternative financing for highway projects due to dropping (in real dollars) revenue from the Federal gasoline tax, I had to comment.
A) Read the Environmental Impact statements, part one via
http://www.i-70east.com/SDEIS/I-70EastEIS_SDEIS-Vol1.pdf. The cute little cover to the cut between Clayton and Columbine Street for an extra $125 million or so, to give those cute kids safe passage over a 12 LANE HIGHWAY to their school. Read about the demographics with the Latinos and poor Blacks in areas labeled "Globeville" and "Elyria and Swansea" (talk about two places that over the total distance between I-25 and Colorado Blvd that will get ANY benefits. (I suppose the Mlllenials might walk their poodles in the 'park'- and that's a good thing...) Come on people!
B) With the RTD transportation hub as a THROUGH connector dead (give me a break! 40 minutes to go from the Federal Station to the 40th and Colorado Station including walk and transfer?) Transportation through Downtown is about dead anyway, so this "Improvement" killing the East line, and crippling the Gold Line for anything besides commuting to Lodo from those in new stick wall settlements is just another nail in the coffin.
Just rip up the DIA line tracks and be done with it!
We'll get something like Toronto's titanic 401, or Houston's I-10, instead. Hell, make I-70 20 lanes wide. Stay in the 5th lane going east I-25 and play mp3 files!
C) Nothing in life is risk free! Nothing. No one with one milligram of business savvy is going to sign any contract with a state or a federal agency that does not GUARANTEE a return on their investment, regardless of whatever the future economy brings. When dealing with government agencies as a business person, any one worth their 'salt' will always get taxpayer money guarantees either as a backstop, or through some other 'discrete' tax or tax guaranteed bond vehicle.
So again, going back to that horrid Goldman Sachs fiasco on US 36 (you know, the Company that cooked Greece's books- wink, wink, to get Greece's financial's accepted so that Nation could get into the EU and made a billion or two doing it), there is no such thing as a free lunch. Regardless of the rhetoric, if the costs exceed initial estimates the private entities involved will do the "DIA Airport gambit", finish half the project and demand more money. That's how companies that build government projects make their best profits (the new Veteran's Hospital sure is something else, eh?)
D) I have said in the blog locked on June 6th by Cirrus, that there are few incompetent politicians. Instead, politicians can appear incompetent despite making very rational decisions that aid those who provide money for elections, for their political party, and, for various pet causes that politicians might favor. The price politicians pay for 'not delivering' favors to those who paid to have those favors delivered, is to beconsidered 'incompetent" in the press, in political adds, and, in talk radio.
So, all has been done with careful, studied, deliberate calculation.