What City Observatory Did This Week
HB 2025: The Oregon Legislature’s “transportation package” simply doesn’t add up: The bill promises more than $5 billion in mega-projects but provides vastly less revenue.
It doesn’t add up: You can’t be accountable, unless you actually do “accounting.”
HB 2025, the transportation package in the Oregon Legislature purports to address ODOT’s massive financial problems, but only makes them worse
The bill provides only a fraction of the money needed to actually pay for promised mega-projects. HB 2025 provides just $1.75 to $1.95 billion in resources for five listed projects that together need about $3.5 billion–and likely more.
HB 2025 also provides nothing to cover entirely certain and predictable cost overruns on the largest highway project in the state, the Interstate Bridge Replacement, which is likely to end up costing $9 billion–when long delayed cost estimates are finally released. The bill also provides nothing for the $1.1 billion Hood River Bridge. Adding these projects would push the mega-project hole to $5 billion; far greater than the funds allocated in HB 2025.



