Spokane’s North Corridor Half Billion $ Boondoggle

Corridor funding may hit dead end – Spokesman.com – Sept. 4, 2011.

This is the half billion $ freeway from nowhere to nowhere in north Spokane.

Spokane’s economy is fading because leadership blew money on projects that did not deliver a positive return on investment to the whole community but instead benefited powerful and well connected rent-seekers siphoning public money for projects that benefit themselves.

$570 million – and it is not delivering anywhere near a commensurate level of return for that level of investment. Promoters agree it will take an additional $1.3 billion (in current $s) and another 20 years before this freeway connects to I-90 and starts to deliver a return on investment. This was not a wise approach to infrastructure spending.

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