UPDATE, 3/3: The Columbia River Crossing project staff have issued a memo refuting Cortright’s claims. Download that memo here (300 KB, PDF).
Economist Joe Cortright
(BikePortland file photo)
Economist Joe Cortright, who reported last June that Portland’s “green policies” add $2.6 billion into the local economy, has once again set his sights on debunking the Columbia River Crossing (CRC) project.
Cortright’s five-page analysis (download PDF below) raises red flags around several “key issues” surrounding the effort to build a new I-5 bridge over the Columbia River between Portland and Vancouver.
Cortright believes that a new bridge will “induce” more traffic, that it won’t reduce congestion, and that tolling the existing span could cut trips “by as much as half”. He also questions the financing of the project saying that, “$4 billion is a lot of money we don’t have” and that the huge expense will mean the region’s other transportation needs will go unmet “for a decade or more”.
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