Warren Buffett has announced his public opposition to a tram being built in Omaha; he believes the implementation of a trolley system will stymie future growth.
even though "it can be off-putting to many to have a wealthy 92-year-old tell them what is good for their future." He said he wanted to weigh in on the streetcar because it’s "going to be hugely expensive if implemented."
Mutual of Omaha officials said when they announced their new office tower, which is expected to become their namesake city’s tallest building, that the new streetcar was a key part of the plan because it would provide convenient access to the new headquarters. The company declined to respond directly to Buffett’s criticisms Thursday.
Buffett said that he would vote no on the project if he were given the chance, but the city isn’t required to hold an election. The project has been moving forward with little significant public opposition since it was announced in January alongside Mutual’s new headquarters.CLICK HERE TO GET THE FOX BUSINESS APP
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