Reality overtakes the Garden State. The Star-Ledger reports:
Gov. Chris Christie today killed the multi-billion-dollar Hudson River commuter train tunnel, aborting the nation’s biggest public transit project as well as the state’s decades-long quest to double rail capacity to New York.
Christie said that given the impact of the recession and the probability of continuing cost overruns, the state could no longer afford the tunnel’s escalating costs. More than a half-billion dollars has already been spent on construction, engineering and land acquisition for a project currently budgeted at $8.7 billion that the governor said could go as high as $14 billion.
"The only prudent move is to end this project," he said at a Trenton news conference. "I can’t put taxpayers on a never-ending hook."