Now that's inflation
Reader comment on: Taj Mahal Schools
Submitted by Fred Van Bennekom (United States), Aug 23, 2010 20:45
When I was going through my dad's papers after he passed, I came across a brochure regarding the building plans for the first high school ever built in Lynnfield, Mass., a then burgeoning bedroom suburb north of Boston. My dad was head of the building committee. The year: 1956. The cost: $1 million (sic).
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The Future of Capitalism replies:
But was it a union job and ADA-compliant?
Gold in 1956 was about $35 an ounce and now is about $1220, so if it is just the effect of inflation a new school should cost about $35 million.
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