UC Davis economics professor Derek Stimel says large-scale projects face much higher risks from inflation.
The pricetag for building a new I Street bridge in Sacramento was estimated to be $300 million last year, but construction bids have now come back and the new cost is between $98 million and $217 million more.
Jessica Hollins, who lives in West Sacramento, said she avoids going over the current I Street Bridge because it's so old and narrow.
The Sacramento Sewer District's Harvest Water project is also being impacted by inflation. The project broke ground in 2023 and will provide treated sewage water to farms and wildlife habitats.
In Roseville, the price to purchase a new centrifuge for the city's power plant is now higher. The original cost was $510,000 but that's gone up by an additional $75,000 due to import tariffs and taxes.
"Who knows what event's going to take place two years in the future that might also impact this kind of thing," he said.
The City of Sacramento is seeking new bids on the bridge project, which will delay construction until at least 2027.
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