I guess I am at the point where I figure that so much of it is built already that I say just spend the extra money and finished. But no matter which way it goes we are getting the short end of the stick.
The reason I pointed out the cost estimation issues is that it is not necessarily corruption or poor management. Now had the estimators accurately predicted a $6 billion or $8 billion price tag they still might have gone through with it and the end cost would remain the same. Only difference is that we would know the true cost up front instead of at the end. So incompetence maybe, but would it have made a different if they gave an accurate estimate?
I have met people at the board of water who have told me that maps of water supply and sewer lines aren't always accurate though no fault of their own but through the fault of whoever put in the system decades ago. So a researcher may have done due diligence in researching for utility systems and come up with fault estimates through no fault of their own. But as I said, utilities are more easily to account for than other hiccups. Again, i am just speculating here. There are so many variables at play here that it is difficult to point the finger at any single cause for the overrun. There are a lot of variables, some easier to control than others.
That's exactly the thinking they were hoping for from the uneducated masses. You aren't thinking in a logical manner.
The concept of "sunk costs" is difficult for some people to fathom, so politicians love to play on that. Instead of asking for $15B, they ask for $8B to start and complete a project. Sounds great when they show the cost over time, the break point that it pays for itself, and all that other "estimates based on a bad estimate" crap.
Then, when it's obvious the project is about to fail without more money (not a shock for those with eyes open), the pitch is "Do you really want to waste $8B we already spent? Let's just add more money and get it finished!"
They never go back and revise those payback projections or cost over time, because the new estimates blow that analysis out of the water completely, and they can't justify the cost using the new numbers.
Sunk costs are gone. They are spent. You don't throw good money after bad, as they say. Now you have to start over and ask, "What is the additional money going to buy us? What is the cost/benefit of adding more money? What's the additional cost if we just stop? Can we use that additional money better for other projects instead of creating an overpriced, underused, too expensive to operate train that doesn't go to the places it ought to?"
Don't ever fall for the "we don't want to waste the money already spent on a bad idea" appeal. It's for suckers!