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Wednesday, July 22, 2009

It's Hard to Make Predictions, Particularly About the Future

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

  • Location:
    Taubman Building-5th Floor Nye A
  • Date:
    Wednesday, July 22, 2009
  • Time:
    12:00 PM

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