Richard2327 Wrote:
Nov 29, 2012 8:17 AM
Mr. Malanga, enjoyed your article and catchy title, but do not agree totally w/ implication. The same argument (construction of airport did not result in expected outcome of economic growth, therefore wrong or wasted) may be applied with similar conviction to roads, bridges, railroad tracks, 3 reasons: 1. was econ activity in the investment and construction (so an all in accounting might include avoided unemployment costs, the wages earned and spent in the economy, etc), 2. time horizon - possible that as time passes the "new" airport will be used more, 3. it's an enabler - that some businesses will make their location decisions upon availability of transportation - but not as strong a determinant in and of itself.