1. What are the federal funding assumptions for the project? How does this assumption relate to other
transit projects?
2. Bent Flyvbjerg encourages a technique known as reference class forecasting to examine infrastructure
projects. Do you see evidence of this approach or similar approach being used in the study? Discuss
the author’s approach.
3. The author utilizes NPV and IRR to examine the cash flows for this project. Based on the Yescombe
reading, what concerns exist with using this approach for this particular project? How does the author
acknowledge these concerns? Do you agree?
4. From a behavioral perspective, do you believe the author’s purported benefits of lower auto travel as
a result of the light rail are realistic? What about the social benefit he conveys as a result of the light
rail?