Same here in NM with Richardson's Railroad, a half-billion dollar boondoggle that is being built with state money due to the fact that the NMDOT didn't want it subject federal cost-benefit analysis ("would take too long" they said). Fare recovery for the couple of thousand who ride it per day is less than 15% and will drop to under 10% of the estimated $25 million dollar annual operating expense when the new 14-mile extension to Santa Fe is completed. In the meantime (and not mentioned by the envirowackos) is the huge ten-mile scar up 700 ft. high historic La Bajada escarpment where a huge cut and fill grade had to be constructed.
Light rail usually has fraudulent cost/benefit analysis.