Even accounting for the cost, I think many would still argue that it was worth it, replacing a highway system that divided the city with a walkable network of parks that effectively connects different neighborhoods like financial district <-> north end, along with a new series of (underground) highways that provided improved traffic flow.
Before and after photos: https://imgur.com/JbgPur6
If the cost issue were solved, what would be the reason not to do it?
(I suppose it taking well over a decade to complete construction is an issue, but presumably new technology could improve that as well.)
I feel like that's a very very heavy lift.
Lots of things would be great "If the cost issue were solved".
The unit cost of construction in the US is routinely double, or even triple the cost of comparable projects in other Western countries.
Most of those buildings next to what used to be the highway are at most 10-20 stories. A 60 story skyscraper was finished in Boston this year for $700[1].
So to a first approximation they could have had a full 2-3 blocks of parks around 15 new such skyscrapers to get the same building space after demolishing most of the buildings seen in the foreground on that picture, and have come out even on floor area.
They'd then have had had $12 billion left over to elevate the highway and put that elevated highway in a tunnel to cancel out the noise before they got to to $22 billion.
1. https://en.wikipedia.org/wiki/Four_Seasons_Hotel_%26_Private...
Comparing skyscraper build costs to tunnel build costs is meaningless.
Noise isn't the only factor. The bigger issues are division of the city, and the urban blight that is common under and around elevated highways.
The cost overruns were due to the usual things: mistakes that were expensive to correct, graft, and corruption. If you can solve those things, great. But I don't think the presence of those things should invalidate the need for truly valuable projects that make cities much more livable.
So no, comparing skyscraper cost to tunnel cost is absolutely meaningful, because if you want to increase green space one way is to spend an exorbitant amount of money digging a highway into the ground, another is to demolish 5 blocks of 10 story houses, build one 50 story skyscraper, and get 4 blocks of public park as a result.
Urban blight around elevated highways isn't some law of nature, it's just a zoning problem, and one that's a lot cheaper to solve than digging the highway into the ground.
https://www.king5.com/video/news/local/seattle-tunnel-lesson...