- “Capital cost overruns could put Florida taxpayers on the hook for an additional $3 billion.
- “Ridership and revenue projections are historically overly optimistic, and would likely result in ongoing subsidies that state taxpayers would have to incur, which could cost from $300 million to $575 million over 10 years.
- “If the project became too costly for taxpayers and was shut down, the state would have to return the $2.4 billion in federal funds.”
In fact, Dockery writes, the Florida Department of Transportation was working on a deal in which the private sector would bear those risks. #