New York City is replacing the Willis Avenue Bridge between Harlem and the Bronx, the New York Post reports: "When it opened in 1901, the Willis Avenue Bridge cost only $2.5 million. The new bridge's price tag of over $612 million makes it the most expensive the city's Department of Transportation has ever built." Either a dollar is worth a lot less than it was in 1901, or bridges have gotten a lot more expensive, or some combination of the two. Earlier: My Daily News op-ed piece on the cost of renovating the Brooklyn Bridge.
A $612 Million Bridge
https://www.futureofcapitalism.com/2010/07/a-612-million-bridge
by Ira Stoll | Related Topics: Federal Reserve, New York, Press, Stimulus receive the latest by email: subscribe to the free futureofcapitalism.com mailing list
