Yes, it is. With one that caveat that if it's built 10x cheaper than comparable tunnels, it is. Moving our roads underground is a vastly superior transportation system than we have today. It can be safer, better for the air, better for light and noise pollution, unlock vast amounts of land in our urban areas for parks, etc. I grew up near Boston during the big dig and the city is a drastically different place before…
The Big Dig strikes me as what could be as much a reason not to do that thing.
Even accounting for the cost, I think many would still argue that it was worth it, replacing a highway system that divided the city with a walkable network of parks that effectively connects different neighborhoods like financial district north end, along with a new series of (underground) highways that provided improved traffic flow.
Before and after photos: https://imgur.com/JbgPur6
If the cost issue were solved, what would be the reason not to do it?
(I suppose it taking well over a decade to complete construction is an issue, but presumably new technology could improve that as well.)