SANDAG's $350 Million Price Tag for the SBX

Huffington Post thought it was important to ask SANDAG, why pay more for the toll road? {read it here} The way the article reads, the federal government might get its principal back from its loan made to the public-private for-profit enterprise called the South Bay Expressway. Maybe. No mention about it getting interest back or what the opportunity loss will be, especially in the face of inflation. "The bank lenders on the project will all lose money, but the federal government, which saw its initial $140 million loan to the company running the toll road chopped down to $94.2 million during the bankruptcy period" Maybe the loan shouldn't have been so chopped if the toll road was actually worth the $345 million SANDAG paid, instead of the $287 million the owners said it was worth, in court filings.