Elon Musk hates 405 Freeway traffic, offers money to speed widening(latimes.com)
latimes.com
Elon Musk hates 405 Freeway traffic, offers money to speed widening
http://www.latimes.com/local/lanow/la-me-ln-elon-musk-405-freeway-20130425,0,7423915.story
1 comments
I imagine the gesture was meant as a way to perhaps incite others to put additional of their own funds into it (outside of the taxes they hopefully pay).
I think Musk's involvement will be beneficial more because of his name and his reputation for getting things done, than by way of his contribution.
http://en.wikipedia.org/wiki/Braesss_paradox
Also, a typical road improvement project costs between one and five million dollars per mile. Based on the mean value, Musk's $50K contribution would add capacity to 106 feed of roadway.
Nice gesture, though.