Renn: "Louisville Bridges Project Proceeds From Tragedy to Farce."

Just read it and weep -- not in sorrow, but at the sheer volume of the stupidity inherent in the Oligarch's River Bridges Project.

Bridges Project Proceeds From Tragedy to Farce

I’ve written a lot about the $2.6 billion boondoggle project to build two new bridges across the Ohio River in Louisville (see here, here, here, here, here, here, and here). A new East End river crossing is without a doubt necessary and adds regional value, but the rest of the project is basically bad news.

But no matter how crazy this project is, it always manages to find ways to show that it’s even more wacky than I thought. The latest installment comes from the so-called “investment grade toll study” that was conducted in order to set toll rates and issue bonds.