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Study: CA High-Speed Rail Will Lose $124-$373 Million A Year
Breitbart - Reason Foundation ^ | 13 Apr 2013 | Wynton Hall

Posted on 04/13/2013 11:59:34 AM PDT by george76

the California High-Speed Rail System will saddle taxpayers with losses between $124 million to $373 million a year.

Exaggerated ridership estimates and slower-than-promised trip speeds make the California bullet train project a big financial loser for taxpayers...

...

The [California High-Speed Rail Authority’s] financing assertions are virtual fantasy

(Excerpt) Read more at breitbart.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: agenda21; california; china; climatechange; globalwarming; governormoonbeam; highspeed; highspeedrail; imisswilliegreen; jerrybrown; rail; taxpayers; un; un21; unagenda21
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1 posted on 04/13/2013 11:59:34 AM PDT by george76
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To: george76

2 posted on 04/13/2013 12:03:32 PM PDT by ClearCase_guy (The ballot box is a sham. Nothing will change until after the war.)
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To: george76

Prime example would be the Rail Runner between Albuquerque and Santa Fe New Mexico. Loser!


3 posted on 04/13/2013 12:05:10 PM PDT by rktman (BACKGROUND CHECKS? YOU FIRST MR. PRESIDENT!(not that we'd get the truth!))
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To: george76

C’mon. This is Kalifornia we are talking about here. Since when do they worry about money problem?

“At least we have a super cool High Speed Rail system, none of you mid-west redneckers have one. Na na na na na na”


4 posted on 04/13/2013 12:06:03 PM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: george76

I would double those estimates to err on the safe side.


5 posted on 04/13/2013 12:08:12 PM PDT by razorback-bert (I'm in shape. Round is a shape isn't it?)
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To: george76

“A big financial loser for taxpayers”..... But not for California Democrats!

Get all on board the love train, love train, love train!
The next stop that we’ll make will be the bank.
Tell all the folks we’re buying yachts, too!


6 posted on 04/13/2013 12:09:10 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: george76

If 1 cent was spent on this study it was a waste of money.

Here’s all that ever needs to be known about constructing a rail line; If it’s worth it, private enterprise will build it and run it at a profit. If government builds it, it will never make a profit and therefore is not worth the effort!


7 posted on 04/13/2013 12:09:45 PM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: george76

Jerry Brown Math: We’re losing $500 per passenger mile traveled, but we’ll make up for it in volume!


8 posted on 04/13/2013 12:09:51 PM PDT by ssaftler (It's Obama's fault)
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To: razorback-bert

Frankly, I would double your double to be doubly safe. No kidding.


9 posted on 04/13/2013 12:10:43 PM PDT by ProtectOurFreedom
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To: ssaftler

Print more money...we have plenty of paper and ink left. Happy days are here again! What does it matter?


10 posted on 04/13/2013 12:11:22 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: DakotaGator

It will be twice that estimate, AT LEAST


11 posted on 04/13/2013 12:11:42 PM PDT by GeronL (http://asspos.blogspot.com)
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To: DakotaGator

This was spelled out very plainly in Burton Folsom’s excellent book “The Myth of the Robber Barons.” Every government subsidized rail line and steamship line in the 1800s was a huge money loser. Those built with private capital made tons of money.


12 posted on 04/13/2013 12:11:57 PM PDT by ProtectOurFreedom
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To: george76

An “All Saints” line would make more sense.

San Diego to San Fransisco with stops in San Clemente, San Juan Capistrano, Santa Ana, Santa Monica, Santa Barbara, Santa Maria, San Luis Obispo, San Ardo, San Miguel, Santa Cruz, and San Jose, with the possibility of extending it to San Rafael and Santa Rosa...


13 posted on 04/13/2013 12:15:20 PM PDT by null and void (Republicans create the tools of oppression and Democrats use them. Gun confiscation enables tyranny.)
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To: george76

Paid parking at light rail stations was tried, they lost $100,000 during the trial period. So they will probably expand it. Even though it loses money, its more about control.

http://www.pegasusnews.com/news/2013/apr/11/carrollton-city-council-delays-decision-dart-paid-/


14 posted on 04/13/2013 12:16:24 PM PDT by GeronL (http://asspos.blogspot.com)
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To: george76

This number can’t include capital cost amortization. At $100 billion (likely way more) and bonds have to pay 4%.

$4 billion per year for these costs alone. That’s a big nut.

And the product is inferior to a Southwest Airline flight that does the same thing.


15 posted on 04/13/2013 12:20:02 PM PDT by cicero2k
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To: ClearCase_guy

I am “shocked” that you would post this photo.;)


16 posted on 04/13/2013 12:25:46 PM PDT by InterceptPoint
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To: george76

Good union jobs at good union wages. That’s all that matters.


17 posted on 04/13/2013 12:26:06 PM PDT by HenpeckedCon (What pi$$es me off the most is that POS commie will get a State Funeral!)
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To: DakotaGator
Actually, there are a couple of more things ~ one of them is that Freight does not have the same time and comfort constraints required for humans and therefore can spend more time sitting on a siding and ride on rougher rails.

Since freight traffic is going to pay for rail upkeep and force scheduling, passenger rail systems can never share the same right of way as freight! And, without rails, passenger rail systems will need ENORMOUS SUBSIDIES forever ~ plus, competing forms of transportation (personal automobiles, and airplanes) are more comfortable than the best rail passenger system under any conditions.

I'm betting on AUTOMATED AUTOMOBILES and an entirely new concept of transportation. These devices will turn into a utility.

18 posted on 04/13/2013 12:26:25 PM PDT by muawiyah
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To: muawiyah

How do you explain the current passenger routes sharing rights of way with freight now?


19 posted on 04/13/2013 12:32:45 PM PDT by SoCal Pubbie
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To: SoCal Pubbie

i just did. Passenger service sharing tracks with freight service is stupid!


20 posted on 04/13/2013 12:36:01 PM PDT by muawiyah
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