Seattle Mayor Greg Nickels wants you to believe that the Viaduct Tunnel is a financially viable project
A panel of engineering and transportation experts from around the country has concluded what we've been saying for some time - we have the financial means and the technical know-how to build a cut-and-cover tunnel along our waterfront.Time now to calibrate Mayor Nickels optimistic read of the panel report against what the report actually says (punchline: we do not really have the financial means):
* The cost of the tunnel project is currently estimated at $3.7 billion to $4.5 billion
* This is an "80% confidence" estimate, meaning that even the panel admits there's a non-trivial chance the tunnel could cost more than $4.5 billion. How much more? The report doesn't say. (Does anybody know how often transportation mega-projects stay within the 80% estimates? -- Ed.)
* The amount of funding currently secured is $2.416 billion.
* The amount of funding currently "anticipated" is at most $2.617 billion
* The panel also admits that "anticipated funding" is a euphemism for wishful thinking: "We recognize that it is unlikely that all of the anticipated funding will be realized."
Posted by Stefan Sharkansky at September 02, 2006 12:53 PM | Email ThisFirst, any rookie economist will tell you that creating a job by extorting money from the populace, filtering it through any number of government agencies (where they skim off their percentage for handling it) and turning it into a paycheck is the absolute worst way to do it. You also have to factor the jobs that will be lost or not created at all because of higher taxes to pay for this monster.
After it's all said and done, I wouldn't be surprised if for every dollar turned into a paycheck it costs half of it to get to the worker. If the government is such a good jobs creator, why doesn't everybody work for the government? Because they are a net loser, they take (at the business end of a gun) more than they give.
Sgmmac has it right. Anything we do will create jobs. I also doubt the 175,750 new jobs figure. Most of these jobs already exist anyway I'd guess. I just don't see 175,750 unemployed people all of a sudden having them. How many "new" jobs did the Tacoma narrows bridge "create". 50 maybe? 100? I'd sure like to know. Where do these "new" jobs go when the project is over?
Also, you'll have to factor in jobs lost because the tunnel will handle significantly less traffic. They have admitted that already. More congestion means less business growth and less jobs. Thanx Mayor
Puget Sound Regional Government(PSRG) Capital Budget-The last PSRG numbers I saw was $120 Billion yes you heard it right! BILLION...
all in the name of Growth Management instead of creating incentives to develop busines in Aberdeen, Moses Lake (power 2 cents per MKWH vs 13Cents in CA) Spokane, Yakima, Centrallia...
all have infrastructure in place that would need maybe 10 billion in incentives...
Development Impact Fees - Where are the growth impact fees in WA for the following
1.education M& O $10K per Yr (40% State Budget)
2. Education Capital Budget $40K
3. Water District M& O
4. Water District Cap Budget
5. Drainage District M & O
6 Drainage District Cap budget
7 DOT M & O budget
8 DOT Cap Budget
9 Criminal Justice System M & O (70% Co Budget)
10 Criminal Justice Cap Budget
11 Social Services M & O budget
12 Social Services Cap budget
13 Health Care for Poor, elders handicapped M & O budget
14 Health Care Cap budget - Harborview
the list goes on and on and the development community contines with a 34% Net Profit Margin
in this state according to Yahoo Finance 2006 report..
The only higher return on investment is software, Hospital building projects, Insurance
We just need to wait for the next big earth quake in Seattle and we will be just like New Orleans waiting for GWB to come to the rescue thru FEMA...
Me I am stocking up on Basics !
Wages - for CEO has gone up 451 times since 1970
look at CEO pay in Seattle Times Website
Working Poor min wage has gone from inflation adjusted dollars of 1970= $7.50 per hour to 2006 inflation adjusted dollars of $5.20 cents...
lets get our priorities of spend in balance...
seattle guy
Posted by: Bleak House on September 2, 2006 03:42 PMAlso, what happened in Boston would happen here. The politicians nominally in charge would abdicate responsibility to Bechtel/Parsons Brinckerhoff. This is what Sound Transit has done with the light rail project, and it would be what happens with a SR 99 tunnel. B/PB is paying to advocate for Nickels' plan because it will be a cash cow.
In Boston one of these megaprojects spun wildly out of control with Bechtel/Parsons Brinckerhoff doing the engineering. This group wants to do here what it did on the Big Dig. As the Boston Globe reported: "Bechtel/Parsons Brinckerhoff managers discussed the vagaries of funding for the Big Dig and the pressure to minimize its cost, prompting one manager to question whether it was wise to stay on the job. ``Is there a strategy to back ourselves out of this job? Or are we just going to continue to suck on the cow as long as it lives?" the unidentified manager asked, according to the transcript.
``You suck on the cow as long as it's alive," another manager replied."
http://www.boston.com/news/traffic/bigdig/articles/2006/08/22/prober_urges_big_dig_lawsuit/
And this particular group that Sound Transit is paying millions to for light rail engineering oversight was criminal in how it allowed shoddy engineering to take place, resulting in deaths of people using the facilities it was overseeing:
"The decision not to re test the epoxy bolts is one of several critical choices over a 14-year period in which Bechtel/Parsons Brinckerhoff -- a joint venture of engineering and construction management firms that the state picked to supervise the $14.6 billion Big Dig -- played a lead role in reducing the tunnel ceiling's safety margin. An investigation by the Boston Globe found that Bechtel/Parsons Brinckerhoff discouraged a proposal from designers to suspend the tunnel ceiling from a different kind of bolt they believed would be more reliable than epoxy. The Big Dig managers also turned down a pitch from the company that built the tunnel, Modern Continental Construction Co., to use lighter ceiling materials than concrete."
http://www.boston.com/news/traffic/bigdig/articles/2006/08/20/big_dig_officials_chose_not_to_retest/
Posted by: tunnel of love on September 2, 2006 04:02 PMYou have 24 hours to document that Reichert supports the tunnel, otherwise I'm banning you from the site. Express your opinions all you want, but I have no use for people who spam the comments with nonsense.
Posted by: Stefan Sharkansky on September 2, 2006 04:19 PMOf course, the report may be mis-using statistical terminology. I don't know enough about their methodology to speak to that question.
Posted by: David Wright on September 2, 2006 05:34 PMI really hope that for once the Seattle voters are smart enough to turn down this tax package considering every other grand transit scheme voted in has been a colossal waste of time and money. Not to mention results far less than what the voters expected.
I am so weary of this "do as I say, not as I do" mantra of the greenie weenie left. First up, make all government employees who work day shift downtown take public transportation. This includes the elected officials. Next, have all those in favor of silly overpriced transit schemes give up their cars. This can be done by matching license registration with residence addresses. Then after these morons practice what they preach for a minimum of one year I might consider listening to what they have to say.
Posted by: Burdabee on September 2, 2006 08:20 PMI've bee "Watching my 14 cents work" but where the hell is it working.......??????
It is only working a hole in all of our pocket books. There is now no money for 520, the viaduct is billions short, and nothing else has been fixed using their "Watch our 14 cents a gallon work.
I still am in traffic up to my ass every day, and no relief is in sight.
And Now John Carlson (turncoat) and Gary Locke (never seen enough tax hikes) are ready to plop another 16 billion load of taxes on us all.
Not to mention Sim's sales tax hike
Not to mention the Mayor of seattle's 1.6 Billion dollar road fix that never ends
Not to mention all the fee hikes and BS this legislature has ploped on us
Not to mention double digit property tax hikes on all of us
Not to mention Gregoire's 17% increase in spending and 1700 new state employees..
Have I forgot anything from these leeches
As the lady used to say "WHERE's The BEEF"
Posted by: gschroe on September 2, 2006 08:43 PMYou completely missed my point. Reichert has consistant bragged about his ability to get transportation money as he did in March '05, July '05, Nov '05, June'06 including the massively pork bloated $283B Transportation Bill and now $200+M for the viaduct. He also makes the idiotic claim that each $1B in transportation spending equals 47,500 jobs (see link below) which was my main point.
http://www.house.gov/reichert/press.05/7.29.05.trans.shtml
Therefore, it would be completely normal and natural for a pork voting congressman who likes to run up the deficit and use socialist arguments like government spending equals new jobs, makes friendly with the mayor pushing the idea, would support the tunnel - and it is very pathetic and laughable of Big Gov Republicans to suddenly get serious about wasteful transportation spending.
Finally, Reichert arranging "private" meetings for the chief supporter of the tunnel (Nickels) with the chief funder (Young) ... seems pretty supportive of the tunnel to me. Did Dave arrange any for opponents of the tunnel. I struggle to see an opponent of an issue arranging private meetings for their opposition.
If there is such a set of plans and specification developed to 80% of completion, it would run to hundreds of plan sheets and thousands of pages of specifications. I don't recall anyone referring to such a thing - has our overfed Mayor actually hired and paid an engineer to put in the thousands of manhours (oh, OK, sentient hominid bipedal-hours) necessary to develop the studies of existing soil conditions, locations of underground utilities etc and actually do 80% of the design work?
Engineering costs might be 7% of the total construction costs - that is, an "80% set" of plans would be billed at 80% x 7% x $4 billion, or $224,000,000. Has anyone seen a budget line item, or City checks written for, that sort of money?
Until there are actual plans for the structures to be built, the idea of an "80% confidence" cost estimate is more likely the product of a confidence man, rather than a construction estimator.
Posted by: Hank Bradley on September 3, 2006 07:34 AMYou're a liar and a hack and a phony liberal~john and I hope (at long last) you're also gone. Go shill for the Dhimmicrats somewhere else...
Buddy you got caught with another lie and your now your trying wessle words to fix what you said.
Posted by: Army Medic/Vet on September 3, 2006 09:48 AMYou are entitled to your opinion, for or against an issue, but you cross the line when you create a phantom position to apply to someone else so that you can attack them for it.
What they did in the past you can be critical of, but you can never claim that because of that past action they will 100% act a certian way on a different issue.
This isn't an issue of if your opinion might end up being right or wrong, but on of integrity, and you have zero because of the tactics you use.
Since when do you speak for Dave Reichert ? I seriously doubt if you will be able to substantiate the above statement. It seems like John has taken all threads off-topic. Back to the topic, Mr. Nickels has shown his strong narcissistic tendencies with such a ridiculous proclaimation. It seems to be all about him and have nothing to do with his constituents who would be saddled with funding it. Thank God, I don't live in the para-Communist enclave, known as Seattle. Many comrades who reside who are proud to be socialists would not mind contributing in that fools paradise...
Posted by: KS on September 3, 2006 05:28 PMSince when do you speak for Dave Reichert ? I seriously doubt if you will be able to substantiate the above statement. It seems like John has taken all threads off-topic. Back to the topic, Mr. Nickels has shown his strong narcissistic tendencies with such a ridiculous proclaimation. It seems to be all about him and have nothing to do with his constituents who would be saddled with funding it. Thank God, I don't live in the para-Communist enclave, known as Seattle. Many comrades who reside who are proud to be socialists would not mind contributing in that fools paradise...
Posted by: KS on September 3, 2006 05:28 PMI believe it is time to tear down the thought that our poctetbooks are endless pits that can be robbed by each and every whim each of the democrats have in this state.
It is always the most expensive option that gets picked, Always!
The projects are always over budget, Always!
That's what I believe Mayor Billions!
Posted by: GS on September 3, 2006 11:31 PMThe better question for "John McDonald" is to give "him" one hour to prove he's not just a fake.
Posted by: Jeff B. on September 4, 2006 05:40 AMIf it's going to survive, Seattle needs to get a little coal smudge on its face occasionally like a Philly or Chicago. Its liberal, pasty-white face needs a black eye now & then. Soft does not work anymore in this day & age of terror and high taxes.
Carry on with your Sudden Financial Conservative Syndrome.
Posted by: John McDonald on September 4, 2006 11:26 AMHere's a new one - John; if you want to bash Bush - check out the North American Union and Bush's role here and bash away. I am already on that bandwagon and it is real. Compare this issue, which is a minnow (if you don't live in Seattle), to that one which is a killer whale surrounded by sting rays !
I don't believe John has made his case, he admits he has "no idea what Riechert believes regarding the tunnel." Therefore, in keeping with his word, I assume Stefan will remove Liberal Insane John from the site.
John can always spew over at HA or Postmans blog, they don't have any standards of truth or honesty over there.
Posted by: Huh? on September 4, 2006 12:37 PMNo, the case that he has made is one that reinforces his impunity to lie, distort, disparage, and demean. Pity - he needs a good swift kick in the nutz. Instead he is allowed to spew his crap.
Oh well, on to other things...
Posted by: alphabet soup on September 4, 2006 04:56 PM