Tuesday, May 06, 2008

HOT Lanes, Government At Its Tax Spending Worst

New numbers on the HOT lanes and how financially inefficient they really are...

Here are the revenues...
Between 5 and 10 a.m. Monday, 339 solo drivers paid to enter the northbound lane, in fairly light traffic, said Craig Stone, urban-corridors administrator for the state Department of Transportation. Just 29 drivers used the southbound HOT lane.

The tolls, which increase as traffic gets heavier, reached $2.25 at 7:15 a.m. northbound at 277th Street, but Stone said no one paid that rate to use the HOT lanes. The most anyone paid, he said, was $2. The minimum toll was 50 cents, while the average paid was $1.04.

For the afternoon commute, between 2 and 7 p.m., 284 vehicles used the HOT lanes southbound and 60 used them northbound. They paid an average of 72 cents and had an average time saving of two minutes.

The highest the toll Monday afternoon was $1.25, and the highest time savings was 4 minutes.

That would be $557.04 for Monday. And now for the cost side of that financial ledger.
The federal government contributed $5 million toward the state's $18 million startup costs.

18 Million... that does not include the day to day ongoing cost which I am reasonably sure is way, way more than $557.04.

So at this rate, at $557 a day, the startup costs should be repaid in about 88.5 years. Someone may want to take another look at the cost benefit analysis for this project.


Anonymous said...

China Wholesale has been described as the world’s factory. This phenomenom is typified by the rise ofbusiness. Incredible range of products available with China Wholesalers “Low Price and High Quality” not only reaches directly to their target clients worldwide but also ensures that wholesale from china from China means margins you cannot find elsewhere and buy products wholesaleChina Wholesale will skyroket your profits.wedding dressescheap naruto cosplayanime cosplaycheap Gemstone Jewelry

Anonymous said...

Women’s nike tn Shox Rivalry est le modèle féminin le plus tendance de baskets pour le sport. tn chaussuresConcernant la semelle :spyder jacketsCheap Brand Jeans Shop - True Religion Jeans cheap nike shox & Puma Shoes Online- tn nike,Diesel Jeans le caoutchouc extérieur, l’EVA intermédiaire Levis Jeanset le textile intérieur s’associent pour attribuer à la.ed hardy shirts pretty fitCharlestoncheap columbia jackets. turned a pair of double plays to do the trick.Lacoste Polo Shirts, puma basket, Burberry Polo Shirts.wholesale Lacoste polo shirts and cheap polo shirtswith great price.Thank you so much!!cheap polo shirts men'ssweate,gillette mach3 razor bladesfor men.As for Cheap Evisu JeansCheap Armani Jeanspolo shirtsPuma shoes

polo shirts said...

History of polo ralph lauren. Polo fashions had its humble beginnings in 1968 when tie salesman Ralph Lauren gave it a kick start. By 1969 he had a boutique polo ralph lauren factory stores within the Manhattan department store Bloomingdale's. ... Brands and luxury standard. Since Ralph Lauren's first brand, Polo Ralph Lauren, was launched, the company has expanded to include a variety of luxury brands such as Polo Golf, Polo Denim, Polo Sport. You can buy cheap Ralph Lauren Clothing at Ralph Lauren outlet.Also We provide polo shirts
Ralph Lauren polo shirt, 50% OFF! polo ralph lauren outlet online is your best choice!In 2006, polo ralph lauren outlet became the first designer in Wimbledon's 133-year history to create official uniforms for the tournament. As part of this year's event, which starts next week, polo ralph lauren sale will introduces the first ... determination to maintain and enhance the values for which our two brands are famous throughout the world. The rugby ralph lauren brand brings to Wimbledon the look of timeless elegance, drawing on our rich history and traditions