Comment 29024

By Rusty (registered) - website | Posted February 24, 2009 at 12:03:02

The taxpayers paid for RHVP - does it really matter which pot it came from?

Ariel - let me introduce you to a common concept used in the private sector. It's called RETURN ON INVESTMENT (ROI). Every major investment gets measured against this. Invetment return projections are calculated as part of the project's business case and then, once the project is approved, the returns are measured against the projections and the cost of the project to determine if it has been a success. Governments rarely measure ROI (I wonder why...?).

Until the RHVX proponents or critics can point to some hard ROI numbers it's not possible to determine whether it is paying for itself. One thing is for certain though, 250 mill plus the on-going maintenance costs is a lot of money to recoup, and it's not going to be recouped through the property taxes of a few single family homes and bix box stores.

Cheers

Ben

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