Humboldt Bay Trail Closing for Two Days Next Week
Press release from the Humboldt County Department of Public Works:
The Humboldt County Department of Public Works is in the process of preparing to conduct repair work on the Humboldt Bay Trail on Thursday, June 4 and Friday, June 5.
The portion of the Humboldt Bay Trail between the Brainard Mill Site and the Bracut Industrial Park will be closed from 7:00 a.m. on June 4 through 5:00 p.m. on June 5 while these repairs are being completed.
Repair work will involve removing and replacing asphalt surfacing to comply with the Americans with Disabilities Act (ADA). Localized areas of asphalt will be repaired to ensure compliance with ADA slope requirements.
Trail users are asked to follow all traffic control devices and trail closure signs in the construction area. Thank you for your patience while repair work is in progress.
If you have any concerns or questions regarding this project, please, call 707-445-7448.
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Slope requirements? On a sea wall? Man that’s going to be a hell of a good repair contract to land whomever gets it. They’ll be doing this every other year. Can’t wait to see the repair bill for the rest of the GRT.
IMHO:
Over $5 million a mile. $21 million.
They spent well over $2 million (+-) on Engineering/Design.
You’d think that the engineers might have known about ADA requirements ?
Oh well…
Meanwhile:
Costs for a $20 million loan:
$32 million in interest + $20 million repayment + $1 million upfront. ($53 million)
(Wells Fargo)
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The financial cost of borrowing ($20) million generally results in a monthly payment of ($129,500) to ($145,000) and total interest of ($26.5) million to ($32.2) million over a standard 30-year term, assuming interest rates between 6.5% and 7.5%. Closing costs and origination fees typically add 1% to 6% (or ($200,000\) to ($1.2) million) upfront.
(Wells Fargo)
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Then you’ve go the ‘big day’. 1,000 users on a er… ‘sunny-non windy-non foggy-non freezing non-rainfall non-darkness’ day. Couple that big day… with the typical weather in the area…. few users for 90% of the time. A great day = pretty rare in Eka.
‘Overall’ usage on trail… maybe 250 uses per day.
250 users x 30 days = 7,500 (+-) uses per month.
Absorb $140,000 in interest costs per month.
Absorb $61,000 for repayment of the $20 million per month.
$26 bucks for every use.
Double the usage… $13 bucks for every use.
Double it again…$7 for every use.
Then, expand this to California.
$300 (+-) million for the ‘Redwood Trail’.
$231 (+-) billion for the ‘train to nowhere’.
$1.5 (+-) trillion for the offshore wind farm to nowhere.
Imagine what the ‘real’ costs are on those. Yeee hah !
Add it to the existing liabilities.
California’s state government carries approximately $500 billion in total liabilities, but when local governments, public school districts, and massive unfunded pension and retiree health care liabilities are factored in, total long-term public debt exceeds 1.3 to 1.6 trillion
dollars.
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And you wonder why there is inflation ?
Interesting stuff.
Would you get this tetchy about a new road?
One day foreign bicycle travelers will feel safe to come to our country and ride the Trail, then it will be a money maker.