Some months ago I coined the "Sellwood" as a monetary unit in which to measure transportation projects, equating one Sellwood to the cost to replace the Sellwood Bridge, not counting the west side interchange. At that time the government estimated the bridge to cost about $200 million (the number to which I pegged the Sellwood). The entire project cost was estimated at about $330 million. Keep in mind that these estimates are less than six months old.
Yesterday I noticed this Tribune story that reported the estimated cost of the project to be $479 million, which is 45% above July's estimate of $330 million. Here's a bridge that's running way over budget, and we haven't even designed it yet. Happy new year!