City Observatory

The Week Observed: May 29, 2026 (opens in new tab)

Investment Grade Analyses still overstate traffic and revenue on tolled roadways. The Interstate Bridge Replacement (IBR) project’s newly released Investment Grade Analysis (IGA) reveals that the proposed $15 billion project is a massive waste of public funds. Despite the IBR public relations team’s efforts to spin these results as a “fiscally conservative, worst-case scenario,” the sophisticated, government-required Level 3 data paints a bleak picture of the project’s utility: with a propose...

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