Arlington Columbia Pike streetcar project will cost $100 million more than estimated, officials say
(WJLA) - Arlington's Columbia Pike streetcar project will cost the county much more than previously anticipated, officials said during a presentation on Tuesday.
The cost has risen to $358 million, an increase of more than $100 million from an earlier estimate and $48 million more than the estimate projected by federal transportation officials in 2013, according to the Washington Post.
Dennis Leach, deputy director of transportation and environmental services, explained to the Arlington County Board that the extra money would cover a "larger contingency fund, a higher rate of inflation, higher engineering and start-up costs, and a proposed change in the size of the streetcars," the Post reports.
The streetcar is expected to bring in more than $3 billion in new development and an estimated 6,600 new jobs.
Read more at the Washington Post.