Per his pyramid scheme accusations, Radulovich bemoaned that BART has a tendency to cheerily predict that the profit from the current iffy project will help fund the next questionable one. For example, BART figured revenue generated by the extension to San Francisco International Airport could be applied to the Warm Springs line. "It was meant to be the golden goose," said Radulovich. And yet, far from generating half a billion dollars to pay down the projected $146 million for Warm Springs, the SFO extension has not yet operated in the black. The money to pay it off has, instead, been pulled from BART's operating budget.
Disturbingly, Radulovich notes that, even if BART weren't to extend the current system by an inch, its projected revenue over the next three decades indicates a $7 billion shortfall. That doesn't include mind-boggling extensions to Warm Springs or God knows where else that the system won't be able to afford to operate the moment it's done finding a way to fund their construction.
"This project is supposed to pay for the next project and the next project," said the board member. "The thing is, more [money] is not there. ... It's quite a big pyramid scheme and I don't think it's ending well for us."