The Fort Worth City Council voted last week to spend $6.63 million toward building three bridges for the Trinity River Uptown boondoggle over a channel that doesn’t exist. Total cost of the bridges will be $73.7 million.
In its Saturday editorial the Star-Telegram called that a wise move. But isn’t it really a roll-the-dice gamble?
The cost of the $909 million project is to be borne 50-50 by local taxpayers and the feds. The editorial concluded that the project will be completed unless federal funds dry up altogether.
Aye, there’s the rub.
What if federal funds do dry up? What if a cash-strapped, sequestering Congress reneges on its half like it did with the Waxahachie Superconducting Super Collider? Would taxpayers then be asked to pass a $500 million bond to dig the ditch underneath the bridges?