All Aboard!

amtrak1So, while this is not light rail and that whole boondoggle, this may come close?  Or not.  I’m not sure.  But while reading this I was struck by two key facts:

Local leaders drew encouragement last year from an economic study by Amtrak and the state Department of Transportation. A Hillsborough stop would boost ticket revenue enough to trim the state’s Amtrak subsidy by a projected $56,000 a year.

Now, first of all, any study done by either Amtrak or the State Department of Transportation should sound the alarms in any neutral observer.  But, okay, for the sake of the article, lets go with it.  Let’s go with 56k a year.  Then this:

To protect one potential site for a train station, the Hillsborough town board agreed last summer to pay $600,000 for 20 acres known as the Collins property, just south of downtown.

So, let me get this straight.  In order to save $56,000 year, the town of Hillsborough spent 600 large to buy the land!.  Before this is over, with building costs creating the side line for the actual railroad and the rest of what I am sure is non-trivial costs, this station is going to cost several million dollars.

To save 56k a year.  You could invest 1 million dollars and pull back 56k a year.

Am I missing something?

2 responses to “All Aboard!

  1. Well this country needs more mass transit and a study done by the TTI proves that it does have benefits. Check the Urban Mobility Report of 2007.

  2. Pingback: Update on Transportation « Tarheel Red

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