This costs almost as much as the original construction, which means for taxpayers that rails are a “pay now, pay more later” proposition.
The Chicago Transit Authority is on the verge of financial collapse. The agency estimates it needs $16 billion it doesn’t have to rehabilitate tracks and trains.
To keep the trains running, the agency siphoned money away from the city’s bus system and lost a third of its bus riders between 1986 and 1996.
Newer systems face other financial challenges. San Jose’s light-rail system put the city’s transit agency so far in debt that when sales tax revenues fell short early in this decade, it was forced to cut bus and rail service by 20 percent.
Rail construction almost always costs more than the original estimates.
Denver voters approved a 119-mile rail system in 2004 on the promise that it would cost $4.7 billion to build it by 2017. The current estimate is up to $7.9 billion, and the regional transit agency says the system might not be complete until 2034.
Once built, light-rail systems never live up to their promises, even in places like Portland. Before building light rail, Portland’s bus system carried 9.8 percent of the region’s transit riders to work. Today, thanks to cutbacks in the bus system forced by the high cost of rail, transit carries just 7.6 percent.
Nor is rail transit good for the environment. Most U.S. light-rail lines use more energy, per passenger mile, than an SUV.