Study: CA High-Speed Rail Will Lose $124-$373 Million A Year
by Wynton Hall
“The California high-speed rail project cannot be delivered at the cost promised to taxpayers, is based upon a business plan incapable of delivering on its legal requirements, and is justified by proponents based upon unachievable benefits,” write the study’s authors, Wendell Cox, Joseph Vranich and Adrian Moore. “The [California High-Speed Rail Authority’s] financing assertions are virtual fantasy and represent additional evidence that its April 2012 Business Plan sorely fails the test of what constitutes a credible business plan. The taxpayers and the state would be best served by its immediate cancellation.”
The present reality and future prospects of this massively stupid boondoggle surpass my ability to compose a cogent comment. Just look at this route map from the CA website for this boondoggle! LA-Palmdale-Bakersfield-Fresno-Gilroy? Really?! A more direct route through Ventura, Santa Barbara, San Luis Obispo and Salinas would make far more sense! But there’s already high-speed transportation - much faster! - from the SF Bay Area and Sacto to LA, Orange County and San Diego. It’s called airlines!