Planned extensions coming soon at $266,207 per rider:
We would like to tell you that is a joke, but it is not. Follow us: HART CEO Grabauskas tells us that the cost of the planned extensions to UH, Waikiki and to Kapolei Town will bring the total to $9.03 billion from the current project at $5.17 (and counting). The additional amount then is $3.86 billion.
Now the boardings will increase from 116,300 daily to 148,300. That's another 32,000 boardings. We need to allow for the fact two boardings make a round trip and ten percent of the people will make two trips. That reduces the 32,000 and we are down to 14,500 people riding. $3.86 billion divided by 14,500 and that gives us $266,207 per rider. Oh, and don't forget the operating losses.