US EditionOregonDOT’s real financial problem isn’t revenue. It’s mega project cost overruns – City Observatory
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OregonDOT’s real financial problem isn’t revenue. It’s mega project cost overruns – City Observatory
The Oregon Department of Transportation (ODOT) blames its financial crisis on declining revenue from cleaner, more efficient cars. The reality is that the agency suffers from chronic overspending on highway megaprojects. Motor fuel revenue is actually up $100 million per year compared to 2020, but in the past five years, cost overruns on just three Portland area highway expansion projects in amount to nearly $5 billion. ODOT has a spending pr…
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