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Sunday, July 18, 2010
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:
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.
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- Economic Crisis Forces Local Governments to Let Asphalt Roads Return to Gravel - WSJ.com
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