Funding and Cost Overruns
The project suffered significant cost overruns during its construction. Final cost was nearly four times the initial estimate, a development that nearly led to the tram's cancellation mid-construction. Operating costs are nearly twice original projections. When the city approved the tram project, it was understood that OHSU would pay for most of it. While the taxpayer share has grown, OHSU paid for 85% of the total cost of the tram though it is operated as public transit facility.
Read more about this topic: Portland Aerial Tram
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“The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.”
—Henry David Thoreau (1817–1862)