New Jersey governor says state too broke
Trenton, N.J. (AP) - The biggest public works project in the U.S. - a $9 billion-plus train tunnel connecting New Jersey and New York City - is dead in its tracks...(headline on page 6 of today's Stockton Record, no link available)
It also leaves New Jersey with nothing but a $600 million hole in the side of the hill.
The obvious comparison is the $10+ billion Delta water supply tunnel envisioned in the deceptively titled Bay Delta Conservation Plan (BDCP) that still doesn't have a credible financing plan or economic analysis to justify the cost.
Governor Christie is much admired by Meg Whitman and was out here campaigning for her. He is also discussed as a potential Republican nominee for President. California (both its government and its households) is a lot more "broke" than New Jersey, and has a weaker economic outlook.
The apparant refusal of BDCP to even analyze lower cost alternatives, including but not limited to a smaller tunnel, is simply bad government. [Afternoon update: I am encouraged that the new FAQs posted by the BDCP state clearly that they in fact are evaluating, smaller tunnel options. I had heard otherwise, but perhaps that is just what certain interest groups are urging them to do.]