Funny Math
In order to make the math work so that the bond money that the citizens voted for (which won't even pay for maybe 10% of the ultimate cost, if that much) can legally be released, they've had to invent load factors of something like 40 million riders per year. That's more than the population of the entire state; more than 100,000 riders per day, which is basically inconceivable.
It's the exact same kind of funny math NASA used to convince Congress that the Space Shuttle would be a profitable means for commercial space launch. (They were projecting roughly 50 missions a year - 1 a week - to get the cost/mission number down to something that Congress would buy)