Saturday, May 03, 2008

Re:New Bayonne West 8th Street Station construction to start

Some wiseguy posted the following comment on CRRNJ@yahoogroups.com to the article we posted below.

"$58.4 million for one mile of track! That works out to $971.72 per inch! "

First, he either made a math error or a typo. Using his logic, the cost should be $921.72 per inch.

But his logic is flawed. The $58.4 million figure is for the whole project. The one mile of track is only a part of that amount, and the article doesn't break down all the various parts.