Earlier quoted context omitted.
Well the Caltrain electrification is in one of the book ends. The logic for starting in the middle is that it created economic assistance (as a side effect) in an area with a jobs problem. Why not start that part sooner rather than later?
> The logic for starting in the middle is that it created economic assistance (as a side effect) in an area with a jobs problem. Why not start that part sooner rather than later? This is much like the broken-window-fallacy. The reason not to start in the middle is because the middle (especially on its own) doesn't have a lot of inherent value. Heck, if the train here (minus wages) costs more than it is worth this is…
Not really. Lots of projects can start out in the red and then provide more value longer-term. This is particularly true when talking about improving transit to impoverished areas.