Skip to comments.Jerry Brown plans to cut back high-speed rail to save it
Posted on 02/01/2012 10:16:51 AM PST by SmithL
Gov. Jerry Brown is scaling back the state's highly controversial bullet train project to keep it alive.
Just three months ago, his administration unveiled with great fanfare a revised "business plan" for building the north-south bullet train system to answer the embryonic project's many critics.
The project would be slowed down and stretched out timewise with a new and supposedly more realistic cost structure, officials declared. It would be, California High-Speed Rail Authority chairman Tom Umberg said at the unveiling, "a new time, a new day and a new beginning."
But the revised cost, about $100 billion or three times the original estimate, shocked many and raised questions about whether the state, which had only $9.95 billion in bond funds available, could raise the remainder from the federal government and private (or foreign government) investors.
The CHSRA's own "peer review" committee issued a scathing analysis, saying that to begin construction without firm financing would be very risky, and the state auditor's office echoed those sentiments.
Statewide polling indicated that Californians had turned against the project, and legislators whose votes were needed to appropriate construction balked.
(Excerpt) Read more at sacbee.com ...
The train to nowhere is losing steam.
“The project would be slowed down and stretched out timewise”
In other words, it’s not going to happen, but a LOT of connected Democrats are going to make TONS of money doing “Revisions” and “Environmental Studies” for the next decade or so.
Now seriously folks....
Who did not see that one coming???
No, no, no, governor. The deal — which nearly half the voters opposed even THEN — was about $30B for a HSR route from LA to SF. By 2020 or so.
Since then, even the lefty experts say that it’ll cost triple (to do THAT route) and won’t be done til 2037 (17 years later).
Brown now proposes to trim the ROUTE (and the cost somewhat, but only the cost from the $100B new estimate, not from the $30B initial “deal” struck). This is just one more breach of the original “contract.”
When the deal cannot be carried out as intended, it must be rescinded.
Halt the bond sale and stop the project. (We can tell Brown “You can spend the money on welfare and your lefty friends instead!” Maybe that’ll help.)
Probably to cut it down to one station, a mile of track and a turnaround.
In Death Valley.