http://www.portlandmercury.com/portland/recalculating-the-crc/Content?oid=2940635 Comments On: Recalculating the CRC by Sarah Mirk en-us Copyright 2013 Portland Mercury. All rights reserved. This RSS file is offered to individuals, Portland Mercury readers, and non-commercial organizations only. Any commercial websites wishing to use this RSS file, please contact Portland Mercury. webmaster@portlandmercury.com (Portland Mercury Webmaster) Sat, 18 May 2013 00:00:01 -0700 Sat, 18 May 2013 01:45:00 -0700 Foundation http://blogs.law.harvard.edu/tech/rss www.columbiarivercrossing.org. See below for a little more information about these items.

Finance plan and cost estimates
Funding for CRC is being sought from appropriate federal sources, tolls, and the states. The finance plan fully accounts for all project costs, including capital construction costs, maintenance and operations costs, and financing and interest costs. This plan was evaluated by an Independent Review Panel ths summer and found to include realistic levels of federal funding and sources that are typical and to be expected.

The capital cost for the project has been calculated using standard industry practices and a nationally recognized risk management process. The project describes the costs and the financing plan separately, but as directly related processes. This is also standard practice. The Plaid Pantry report mixes capital costs, operating costs and financing costs into one number, which is not standard practice. The recent CRC independent review panel, appointed by the governors of both states, commended the project's risk assessment approach and recommended this methodology be used again following additional evaluation of the bridge type and design changes which have been made throughout the corridor.

A good analogy would be buying a house. If you want to buy a home for $250,000, you get a mortgage. While you pay off the mortgage (and do yard work and pay your utility bills), you also pay interest. Your finance plan allows you to pay your mortgage and bills on time and you tell people that your house cost you $250,000 – the amount you paid for it, which does not include the cost of your utilities or the interest payments on your mortgage.

Traffic forecasts
CRC traffic analysis comes from Metro's nationally recognized travel demand model. This is the same model that all regional projects use. All of CRC’s traffic modeling forecasts have been reviewed by a multi-jurisdictional team including all of our local partners. An expert peer review panel validated the analysis in 2008 and the CRC Project Sponsors Council recently reaffirmed supplemental traffic and land use analysis that was conducted by Metro in July 2010.

Mandy Putney, CRC
Posted by CRC Project]]> Mon, 18 Oct 2010 12:36:02 -0700 Portland Mercury Posted by voline]]> Sat, 16 Oct 2010 09:36:49 -0700 Portland Mercury
Any requests thereof?
Posted by Michael, Portland Afoot]]> Fri, 15 Oct 2010 17:06:22 -0700 Portland Mercury Posted by imarauder]]> Fri, 15 Oct 2010 16:18:08 -0700 Portland Mercury Posted by Andrew]]> Fri, 15 Oct 2010 13:56:11 -0700 Portland Mercury Posted by gabriel amadeus]]> Fri, 15 Oct 2010 12:08:19 -0700 Portland Mercury