February 27, 2007
TTC 35 is even more expensive than we thought....
Kuff, Muckracker, EOW and Somervell County Salon all had posts up about the State Audit on just how much the Trans-Texas Corridor is REALLY going to cost. I apologize to our fabulous readers for not joining them, but they were doing such a good job and I was distracted. By candy. Seriously, Dots mixed with Mike and Ikes. I'm a fool for them and will do anything to enjoy their sickeningly sweet fruit-like flavor.
You probably won't get it. But you will understand all about cost overruns in Ric Williamson's Texas Transportation Commission, not to mention all the fun TTC stuff we've been talking about like...
1) No accountability of the private partner
2) GUARANTEED profit to the private partner
3) FAR MORE EXPENSIVE than we were told... as much as $100 BILLION. Reconstructing 35 would be far cheaper.
4) Non-compete agreements! No improvements to 35
5) The upfront money could disappear...
And the list of problems and defects goes on and on. It's time the Lege killed this turkey and instructed TXDoT to abrogate the contracts and pay nothing more to Cintra-Zachry (go ahead, Zachry... sue. You'll go broke with no business in the state and you'll never get the settlement. There are people who've been waiting since the 1970's for money from the state). Oh, and let's remember everyone who fucked us over with this deal... people like 39%, Krusee, CradDICK and Todd Staples . Let's none of us forget them or TTC Chair Ric Williamson whose gross incompetence gave Cintra-Zachry the deal of the century, risk free thanks to Texas taxpayers.
Take a bow, Ric! Your negotiating skills are on par with those of the great Neville Chamberlain. With your business acumen it's surprising you weren't picked up by the management teams at Enron or WorldCom.
Posted by mcblogger at February 27, 2007 01:49 PM
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