A five billion dollar boondoggle in Texas

Alon Levy posted a few months ago on road boondoggles, but Texas is showing its determination to prove that everything is bigger, if certainly not better, in Texas. Witness a 5.2 billion dollar third beltway around Houston. To make matters worse, the renewed push for the project is largely to try and keep ExxonMobile's headquarters in the region, not of any actual congestion or other criteria which might present a somewhat rationale criteria for the construction.