Update: I meant the first and last sentences to be read as sarcastic. Sorry if that wasn’t clear. If you read the article by Kammerer, it’s pretty poorly reasoned, in contrast to what Ben wrote. The Monorail was a lot of things, but it wasn’t a Ponzi scheme.
We also, finally, rejected the monorail, albeit only after it was revealed that the financing was so flawed that the system of paying for it simply wouldn’t work. In some ways it was little more than the classic ponzi scheme.
Emphasis added. The article is from Crosscut, which is of course in favor of the long process Seattle is famous for, except when the process has an outcome. The larger article, which advocates for even more process, is both interesting and mostly dubious, which is an appropriate description of Crosscut itself. More below the fold. I think what makes Crosscut interesting is the way a bunch of old-school newspaper guys have gotten together and tried to create a model, modern online publication, but one with old ideas if not old news. A lot of the time, Crosscut is a great read. Knute Berger, aka Mossback, is always interesting, usually insightful, often hilarious and generally fun. I rarely agree with him on density, development or transportation. Somehow for him being a fourth generation Seattlite means you should be against progress. I have him beat! I’m a fifth generation Seattlite! Still, I look forward to his columns (posts?). Even Erica Barnett, who obviously doesn’t agree with him either, calls his new book a “joy to read”. And Crosscut also gives a voice to those who obviously aren’t in it’s core readership, as Ben Schiendelman’s great piece from July or Richard Borkowski’s great piece from last April prove. But it still is the place for the Seattle-area anti-everythings on the Internet, and that’s how Crosscut has allure for me. The Seattle P-I has a ton to offer the greater community, while Crosscut wants to really only cater to its niche of BANANAs (Build Absolutely Nothing Anywhere Near Anyone). The P-I, with a lean staff of 170 and four million visitors a day on its website, can’t survive the internet age. Meanwhile, Crosscut espouses old-fashion ideas, is in favour of nothing, and chases after a dwindling demographic, but may have found a business model. It really is fascinating time for media.
But yeah, the monorail was a ponzi scheme and the tax payers were the rubes!