This Anchorage Daily News article reports Alaskan Senate concerns about the traffic and revenue forecasts by CDM Smith--formerly Wilbur Smith & Associates--for the Knik Arm Bridge connecting Anchorage to Mat-Su. The article highlights issues about its use of socio-economic projections and its spotty record elsewhere in providing accurate forecasts. It may be a lesson we need to appreciate if Dulles Toll Road tolls are expected to be the principal source of funds for the Silver Line since CDM Smith and its predecessor have made similar forecasts here.
By LISA DEMER
Legislation to push along
the billion-dollar Knik Arm bridge is encountering trouble in the state
Senate though it cleared a key House committee last week.
The bridge is "a mega-project" and backers should be coming
forward with more detailed financial information, Sen. Bert Stedman,
R-Sitka and chairman of the Senate Finance Committee, told bridge
supporters testifying Monday.
Senators on the Finance Committee
are raising concerns about how the project will be financed, the amount
of state subsidies needed, and whether consultants on the project have
provided accurate projections of traffic and population growth. . . .
Click here for the rest of this comprehensive news report.
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