Saturday, September 4, 2010

The most expensive school ever constructed

A friend of ours sent me the following article:

http://online.wsj.com/article/SB10001424052748703959704575454013855538920.html?mod=WSJ_Opinion_LEADTop

The following paragraphs highlight the orgy of spending involved in this Los Angeles public school project:
At $578 million—or about $140,000 per student—the 24-acre Robert F. Kennedy Community Schools complex in mid-Wilshire is the most expensive school ever constructed in U.S. history. To put the price in context, this city's Staples sports and entertainment center cost $375 million. To put it in a more important context, the school district is currently running a $640 million deficit and has had to lay off 3,000 teachers in the last two years. It also has one of the lowest graduation rates in the country and some of the worst test scores.
"It wasn't cheap, but it was saved," says Thomas Rubin, a consultant for the district's bond oversight committee, which oversees the $20 billion of bonds that taxpayers approved for school construction in recent years.  I asked Mr. Rubin whether some of the school's grandiose features—like florid murals of Robert F. Kennedy—were worth the cost. "Did we have to do that? Hell no. But there's no accounting for taste," he responded.
The Kennedy complex is Exhibit A in the district's profligate 131-school building binge. Exhibit B is the district's Visual and Performing Arts High School, which was originally budgeted at $70 million but was later upgraded into a sci-fi architectural masterpiece that cost $232 million.


Even more striking is Exhibit C, the Edward Roybal Learning Center in the Westlake area, which was budgeted at $110 million until costs skyrocketed midway through construction when contractors discovered underground methane gas and a fault line. Eventual cost: $377 million.
If you find this unaccountable spending outrageous you may ask yourself how this can occur. The answer is in this paragraph from the above article:
Expect more such over-the-top and inefficient building projects in the future. Los Angeles voters have approved over $20 billion of bonds since 1997 and state voters have chipped in another $4.4 billion of matching funds. Roughly a third of the cost of the Kennedy complex will be shouldered by state taxpayers.
This is the recipe that government has found so effective. Place a referendum on a ballot that asks voters to approve more government spending.

Giving money and power to government is like giving whiskey and car keys to teenage boys.

Just say no to government spending.

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