In any college business school program, one of the basic concepts taught is "sunk costs." These are preliminary costs incurred for a project prior to the point at which a decision must be made to proceed or not proceed. At that point, all such sunk costs are irrelevant to a decision as to whether the project should be a "go " or a "no go." The only relevant decisions factors are the future projected costs and the future projected benefits of the project.
While it is regrettable that $1 million was spent, it should not be taken into consideration in any analysis on what to do now. Be on the lookout for dubious positions that only serve as a way for officials to "save face" or to project some form of "skin in the game."
James R. Brenzel, Garland Drive (The author is a Menlo Park business owner)