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David Luberoff, Executive Director, The
Rappaport Institute for Greater Boston
Over the past two decades, Massachusetts has spent hundreds of
millions of dollars to expand greater Boston's extensive
rail-transit system and the state plans call for spending more than
$2 billion on additional lines as well. Ensuring that this
money is spent wisely is particularly important because the state
faces an enormous gap between available funds and the cost of
maintaining its existing transit systems even before it raises the
capital and operating subsidies needed to build the new
lines. Yet the state has consistently underestimated the
costs of these projects and overestimated their ridership.
This talk will discuss the magnitude, sources, impacts of these
mistakes and possibilities for how to improve the analyses and,
hopefully, the decision-making process for such projects.
Lunch will be served
Sponsored by HKS's Taubman Center for State and Local
Government