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A $612 Million Bridge
futureofcapitalism.com
New York City is replacing the Willis Avenue Bridge between Harlem and the Bronx, the New York Post reports: "When it opened in 1901, the Willis Avenue Bridge cost only $2.5 million. The new bridge's price tag of over $612 million makes it the most expensive the city's Department of Transportation has ever built." Either a dollar is worth a lot less than it was in 1901, or bridges have gotten a lot more expensive, or some combination of the two. Earlier: My Daily News op-ed piece on the cost of renovating the Brooklyn Bridge.
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A $612 Million Bridge
futureofcapitalism.com
New York City is replacing the Willis Avenue Bridge between Harlem and the Bronx, the New York Post reports: "When it opened in 1901, the Willis Avenue Bridge cost only $2.5 million. The new bridge's price tag of over $612 million makes it the most expensive the city's Department of Transportation has ever built." Either a dollar is worth a lot less than it was in 1901, or bridges have gotten a lot more expensive, or some combination of the two. Earlier: My Daily News op-ed piece on the cost of renovating the Brooklyn Bridge.
Read More...
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Reuven Fenton
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