Now it's $98.5 billion over 20 years
To put it in relative terms, O'Hare Airport expansion, once considered to be the nation's most expensive public works project comes in at $15 billion to $20 billion (depending on whom you believe).
Incredibly, though, its backers still say it can operate at a profit:
The amount is still far less than the cost of expanding airport and highway systems to accommodate the state's growing population, the California High-Speed Rail Authority said in the report. Even with conservative ridership and cost estimates, it said, the system will operate at a profit.
Oh, sure. That's why private investors are lining up to sink billions into this risky project.