Quote:
Originally Posted by ATX2030
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"oranges to tangerines" is being generous.
He's comparing systems built more than a decade ago. Builds in a low interest/low financing cost environment to high. Extensions to initial systems (which are more expensive due to needing the initial rolling stock, maintenance yard, and building in the most expensive central part of the city).
There's an attempt to apply an "inflation" modifier, but no explanation for the source or magnitude of that. Looks like it may just be CPI, not actual construction/land costs. Seems to be a 27% increase from 2014 to 2023, which seems low.
And then of course, Austin isn't constructing in 2023, and he's totally leaving out that additional multiplier.