Even though that they seemed to stress it was about funds. Smh
Well, while money was a significant part of it; it's not likely the tunnel -- at its projected costs -- would have much of a chance of passing a CBE -- particularly if the probability that a big part of the NB rush-hour traffic would simply hang a right (EB) at 210, adding to the perennial congestion on that route, was factored into the equation. What the 710 extension was largely about was giving commercial traffic coming up from the Ports of Long Beach and L.A. an alternative to I-5 (and certainly I-405) by shifting to the underutilized section of I-210 from Pasadena NW to I-5 at Newhall Pass.
That was the plus side of the equation; the minus side was the other direction of I-210; "grid pattern" outbound commute traffic would likely use I-710 as simply another N-S connector from CA 60 and/or I-10 up to 210, particularly traffic destined for the area between Pasadena and I-605 (i.e. Arcadia and Monrovia), which for the most part utilizes I-605 and then turns
west on 210 to get where they're going. It would save a few miles -- but EB 210 has been clogged for decades in and just east of Pasadena -- and there's no real chance of that facility being expanded to accommodate even more peak-hour traffic. And traffic from central L.A. going to interim points on WB 210 (La Canada/Flintridge, La Crescenta, Tujunga, etc.) already uses the CA 2 freeway to do just that; the 710 extension would only marginally affect that traffic pattern.
It seems the battle over the I-710 (and before that, the CA 7) extension has been ongoing almost as long as the Middle East conflicts -- with about the same chances of resolution. And by now inflation has essentially rendered the project at best a "money pit", and at worst a sociopolitical nightmare -- and Caltrans has enough of those already!