With federal loan guarantees in place, there is little incentive for stubborn, irrational politicians to stop construction and mop up their spilt milk. They are more likely to accelerate the project to push it past what they think is a point of no return. The real point of no return (when the expected remaining construction costs equal the actual value of the completed project) won’t likely be reached until over $5 billion has been “invested”.
With federal loan guarantees in place, there is little incentive for stubborn, irrational politicians to stop construction and mop up their spilt milk. They are more likely to accelerate the project to push it past what they think is a point of no return. The real point of no return (when the expected remaining construction costs equal the actual value of the completed project) won’t likely be reached until over $5 billion has been “invested”.