Heavy Lifting - thoughts and web finds by an economist
     I also contribute to Division of Labour Load HL's Front Page
Sunday, July 18, 2010

Economic Crisis Forces Local Governments to Let Asphalt Roads Return to Gravel - WSJ.com

Economic Crisis Forces Local Governments to Let Asphalt Roads Return to Gravel - WSJ.com

This is an interesting story that describes an interesting tradeoff that local governments face in the current environment. It has this interesting paragraph:

"Our expenses outweigh the income," says Mr. Zimmerman, who has been with the county highway department for nearly 30 years. He says the county will pay about $2,600 per mile annually for the newly ground-up road, as against about $75,000 per mile to reconstruct it.


What will be interesting is how much such moves cost the local population in other ways. If the price of paving the road is set efficiently (highly unlikely, I am sure) then society will spend about $73,000 in property damage and opportunity costs per mile of unpaved road.

Comments: Post a Comment



Purchase




Le Chai - galerie du vin



Support



Popularity

Posts that contain Craig Depken per day for the last 90 days.



Contacts

Heavy Lifting's Main Page
Email Me
Atom Feed

WWW
Heavy Lifting




Great Links

Money I Found Today

Heavy Lifting - Firehose style (56k warning)



Recent Posts

- Economic Crisis Forces Local Governments to Let Asphalt Roads Return to Gravel - WSJ.com




Archives


home


Visitors
Site Meter Blogroll Me!



Credits

Modified maystar design
powered by blogger