Economy
Are Mega-Projects Really As Bad As Everyone Says?
It's hard to build anything ambitious these days without being second-guessed. But maybe we're not judging them on the right criteria.
Pity the mega-project – the white elephant, the boondoggle, never on time, always over budget.
No one can build anything ambitious these days, it seems, without being second-guessed. Most recently, Brazil is being criticized for its $495 million, 70,000-seat World Cup soccer stadium. Taxpayer backlash and lawsuits have slowed California’s high-speed rail project to a crawl.