Posted on 03/26/2010 8:48:02 AM PDT by BfloGuy
In 2002, the Vermont legislature funded a commuter train from Burlington to Charlotte, 13 miles away (see Appendix A for definitions of terms such as commuter rail, light rail, and streetcars). To ensure funds were effectively spent, the legislature set targets for the service and asked for an audit after one year.
The audit found the rail line’s capital costs were more than twice the projected amounts; the operating costs were nearly three times projections; the trains carried less than half of the projected riders; and fare revenues were less than a third of projections. The audit also found that the environmental benefits of the project were nil: the diesel locomotives powering the trains used more energy and emitted more pollution than the cars the transit service took off the road. The legislature cancelled the train.
(Excerpt) Read more at cato.org ...
Cato vs. Greenpeace (the outfit behind exxonsecrets.org)...gee, whom should I trust?
Don't be too hard on yourself...it can all be blamed on "Big Oil".
How dare a company makes a “profit”.. Willie, I think you are socialist.. If you think the Government should control transportation and god knows what else and you hate private industry, you are no conservative..
How dare a company makes a “profit”.. Willie, I think you are socialist..
No. How dare an industry limit competition and consumer choice.
Kevin, I KNOW that you are a fascist.
Why I’m a fascist??? Cause I live in the real world that majority of the American people prefer to DRIVE??? I also think the future is telecommuting not public transport.. Never mind in Illinois it has been bailed out so many times?? Never mind that a lot of companies are moving away from the Cities and into suburban areas??? I live in the real modern world.. Not some fantasy past world..
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