Skip to comments.Cost of Moonbeam Express soars ever higher
Posted on 03/08/2012 10:31:52 AM PST by landsbaum
California's high-speed rail project has been plagued with cost increases, delays and political shenanigans since 2008, when voters authorized $9.9 billion in bonds to help pay for it. Unsurprisingly, recent weeks have brought more of the same.
The independent Legislative Analyst now says the state must repay more than $700 million annually if bonds are sold to build an initial 130-mile Central Valley route. Ultimately, the plan would link San Diego and San Francisco. But to get $3.3 billion in federal funds, train authorities agreed to put the first tracks where populations are sparse, rather than in densely populated areas...
(Excerpt) Read more at ocregister.com ...
The “editorial boarad” sucks.
They should go back to editorial school.
Folks need to look at who is getting the money - and how much is being laundered back into Democrat coffers...
The railroad to nowhere—but a high speed!
$117 BILLION and they are still pushing for this boondoggle.
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