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BREAKING NEWS
December 16, 2008
Reason Foundation: Rail Benefit Claims Not Credible
· The Reason Foundation has released a new report that throws cold water on most of the claims made by backers of the proposed $250 million KRM commuter rail line.
Among Reaon's findings:
. The $2.1 billion increase in property values the rail project alleges would mean that each of the 3,696 projected 2035 round-trip riders would be worth $568,000, a claim that “cannot be taken seriously.”
· Reason Foundation finds every new passenger boarding the commuter rail system would cost $28. Yet passengers would pay just $2.92 for a ticket, meaning taxpayers would subsidize over $25 for every new one-way rail passenger. By comparison, the total cost per passenger for the Milwaukee County Transit System (MCTS) in 2007 was $3.
Click here to download Club for Growth's "The Truth about KRM" fact sheet.
