The following article by Cali Owings was published in the April 27, 2015 issue of Finance & Commerce.
Dayton ‘Shocked’ at LRT’s $2B Cost
In response to the rising costs, Gov. Mark Dayton prompted the Met Council to explore other options for providing transit to the southwest metro.
The new cost estimate is a result of more detailed engineering and environmental tests, as well as a delayed environmental review which pushes the anticipated project completion date from 2019 to 2020.
In a statement Monday, Met Council Chair Adam Duininck said the cost increase presents a “significant problem” for the project partners and taxpayers and that “all options are on the table.”
To continue reading, click on the link to the complete Finance & Commerce article.