Analysis: WaterFix Cost Is 4 Times Higher Than Its Benefits

(September 7, 2016, 12:08 PM EDT) -- STOCKTON, Calif. — A professor’s Aug. 24 cost-benefit analysis of the California WaterFix concludes that the project’s costs are four times larger than its benefits and that it is not economically justified.

(Report available. Document #95-160908-017X.)

The analysis, “Benefit-Cost Analysis of the California WaterFix,” was written by Dr. Jeffrey Michael of Center for Business and Policy Research at the University of the Pacific in Stockton. Michael writes that under the “base scenario,” the $16 billion project will have a net present value of minus $10.2 billion...
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