From yours truly at Capitol Weekly:
“The price tag is up to nearly $25 billion, but the benefits are up, too, says the Brown administration as the state inches forward to launch an unprecedented project to move more northern California water south through a pair of tunnels in the Sacramento-San Joaquin River Delta.
On Wednesday, the administration pegged the cost at $24.7 billion, about a billion dollars more than previously estimated. But the administration also said there would be $5 billion worth of benefits over the next five decades, reflecting a more reliable water supply, improved water quality and other improvements.
The revised cost figures came in the release of a final round of paper work surrounding the proposal which, if built, would be the costliest state public works project ever and about four times the $6.3 billion price tag of the new Bay Bridge. … “
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