Here’s Why It Could Take Longer To Rebuild The Baltimore Bridge Than The Whole Transcontinental Railroad

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CEI’s Ryan Young is cited in Daily Caller about the length of time it is going to take to rebuild the Balitmore bridge:

“If the bridge gets special regulatory treatment, then five years is a reasonable timeline,” Ryan Young, senior economist at the Competitive Enterprise Institute, told the DCNF. “There is some hope for this, based on last year’s collapse of a stretch of I-95 near Philadelphia. It reopened in 12 days, mostly thanks to red tape being waived. It would have taken months otherwise. Of course, that was a much smaller project.”

“Federal and state regulations, including in Maryland, give NIMBYs and environmentalists a lot of ways to block projects,” Young told the DCNF. “Hopefully the Key Bridge’s high visibility will help them restrain their worst anti-development impulses, but that is no guarantee.”

“The rebuilding cost will almost certainly be higher than the original bridge, for several reasons, though I have no idea by how much,” Young told the DCNF. “A good rule of thumb is Edwards’ law—costs are usually at least double what officials first propose.”

Read the full article on the Daily Caller.