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Feds suspend review of $5.5B loan for Vegas-to-California train
Fox News ^ | July 17, 2013 | Judson Berger

Posted on 07/17/2013 2:41:22 PM PDT by Olog-hai

A proposed high-speed train connecting suburban California to Las Vegas may have just been stopped in its tracks, after the Transportation Department halted the review of what would have been its largest taxpayer loan in history.

In a letter obtained by FoxNews.com, Transportation Secretary Ray LaHood informed developer XpressWest that he would “suspend further consideration” of the company’s request for a $5.5 billion federal loan.

If approved, the loan would be the department’s largest ever. Though the project was a favorite of Senate Majority Leader Harry Reid, of Nevada, the request had been the subject of intense Republican criticism, as lawmakers cited concern about “subsidizing” a costly and potentially risky project at a time of mounting federal debt. Consideration of the massive loan also came as the government imposed across-the-board sequester spending cuts.

LaHood, in his June 28 letter to the company, cited “serious issues” with the application in the decision to cut the project off. He suggested the company was having difficulty ensuring that the project would be built with enough American products like U.S-made steel and iron. …

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


TOPICS: Government; News/Current Events; US: California; US: Nevada
KEYWORDS: harryreid; highspeedtrain; lasvegas; xpresswest

1 posted on 07/17/2013 2:41:22 PM PDT by Olog-hai
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To: Olog-hai

Maybe the necessary pockets didn’t get stuffed.

Or maybe a more connected bidder is waiting in the wings.


2 posted on 07/17/2013 2:42:41 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: Olog-hai

Willie Green is deeply saddened.


3 posted on 07/17/2013 2:45:21 PM PDT by 1rudeboy
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To: Olog-hai

” project would be built with enough American products like U.S-made steel and iron. …”

I wonder what using “enough” will add to the bill.


4 posted on 07/17/2013 2:45:52 PM PDT by USFRIENDINVICTORIA
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To: Olog-hai
Man would that be a boondoggle.

Think of how nice the crowd would be at that train station.

5 posted on 07/17/2013 2:46:21 PM PDT by wideawake
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To: Olog-hai

I thought LaHood retired a while back.


6 posted on 07/17/2013 2:47:07 PM PDT by CMailBag
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To: Olog-hai

7 posted on 07/17/2013 2:52:10 PM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Vaquero

Well, that whole “government build trains” thingy does go back to Johnson and the Metroliner. They were promising 160-mph trains between New York and DC by 1969.


8 posted on 07/17/2013 2:54:40 PM PDT by Olog-hai
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To: Olog-hai
Not enough campaign contributions to the usual DemoRat party candidates.
9 posted on 07/17/2013 2:55:07 PM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Olog-hai

Really kind of weird that anybody would think it would take $5 Billion to build a high speed train from Victorville to Vegas, distance of a couple of hundred miles at most but would only take $100 million to build a 600 mile line from LA to SF.

Sounds like the payoffs involved are simply humongous!


10 posted on 07/17/2013 2:56:40 PM PDT by Vesparado (The American people know what they want and they deserve to get it good and hard --- HL Mencken)
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To: CMailBag
That one threw me too. Anthony Foxx officially replaced LaHood on the 2nd of this month.
11 posted on 07/17/2013 2:58:36 PM PDT by Olog-hai
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To: wideawake
Think of how nice the crowd would be at that train station.

You could write a book or movie just on the hopes and dreams of the outbound Friday traffic, juxtaposed with the Sunday riders, beat, broke, tired and depressed.

12 posted on 07/17/2013 2:59:04 PM PDT by Slicksadick (Go out on a limb........Its where the fruit is.)
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To: Olog-hai; CMailBag

Ah, I get it now. I even posted it; the letter was dated June 28.


13 posted on 07/17/2013 2:59:41 PM PDT by Olog-hai
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To: 1rudeboy; Willie Green
Willie Green is deeply saddened.

Name him, ping him.

14 posted on 07/17/2013 3:04:55 PM PDT by null and void (Republicans create the tools of oppression, and the democrats gleefully use them!)
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To: null and void

No, I won’t. He can kma.


15 posted on 07/17/2013 3:05:49 PM PDT by 1rudeboy
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To: Vesparado

This project was weird from the beginning. The idea was to build a 186-mile railroad that was separated from the general railway network, from Victorville CA to Las Vegas.

Originally, this was all supposed to be done with private money (when it was still called DesertXpress); but only $1.4 billion got raised . . . and I don’t see how and why it couldn’t get built at $7.5 million per mile, since the top speed is supposed to be 150 mph (permissible on the general railway network, with FRA-directed upgrades) and not 186 mph or faster. Asking for an additional $5 billion raises the cost to $34 million per mile, which is way more than enough to build a 200-mph line in my estimation, especially if (as planned) it’s built on the side of the interstate highway.


16 posted on 07/17/2013 3:05:59 PM PDT by Olog-hai
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To: Olog-hai
"What's that spell?"

"MONORAIL!"


17 posted on 07/17/2013 3:06:40 PM PDT by SparkyBass
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To: Vesparado
The idea that this thing was only going to run from Victorville was the amazing thing to me. Hell, at Victorville, you're a third of the way there already, and the rest is the easy, pretty part (if you like desert over suburban sprawl, anyway).

L.A. being pretty much completely surrounded by difficult mountains really screws it when they talk trains. Same thing with this line up the Central Valley. How are they getting through the San Gabriels? Over the Grapevine?

18 posted on 07/17/2013 3:07:04 PM PDT by Bubba Ho-Tep ("More weight!"--Giles Corey)
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To: 1rudeboy

Yes, but pinging him just emphasizes the he got the zot.

More salt?


19 posted on 07/17/2013 3:07:27 PM PDT by null and void (Republicans create the tools of oppression, and the democrats gleefully use them!)
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To: USFRIENDINVICTORIA

Who cares? Millions per job is just the price we must pay. To compete with China. I heard it on FR.


20 posted on 07/17/2013 3:09:01 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: null and void
It really makes no difference, because we both know he's reading this now. ;)

Poor, poor, Willie . . . a socialist who simply was misunderstood.

21 posted on 07/17/2013 3:10:39 PM PDT by 1rudeboy (And he can still kma)
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To: BenLurkin

Probably Richard Blum better known as Mr Dianne Feinstein.


22 posted on 07/17/2013 3:12:09 PM PDT by Lurkina.n.Learnin (If global warming exists I hope it is strong enough to reverse the Big Government snowball)
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To: 1rudeboy

You made Willie mad.....

23 posted on 07/17/2013 3:12:28 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Olog-hai

They have talked about building that train for over 30 years. There no way it will be finished in my lifetime.


24 posted on 07/17/2013 3:12:51 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: Toddsterpatriot

I didn’t see that image, I’ll have to check it when I get home. How’s the 105 heat index treating ya’?


25 posted on 07/17/2013 3:13:57 PM PDT by 1rudeboy
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To: 1rudeboy
Willie Green is deeply saddened.


26 posted on 07/17/2013 3:13:58 PM PDT by WVKayaker ("...the press had better learn from their experiences of being duped "...-Sarah Palin 5/17/13)
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To: Toddsterpatriot; 1rudeboy
It's not 1rudeboy's fault he got ridden out of town on a rail.

Sometimes I just crack myself up...

27 posted on 07/17/2013 3:14:31 PM PDT by null and void (Republicans create the tools of oppression, and the democrats gleefully use them!)
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To: 1rudeboy; Willie Green

I think I saw a post form him the other day.


28 posted on 07/17/2013 3:16:22 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: BenLurkin
Not likely. Jim gave him the boot in October 2010:

(Last) Posts by Willie Green

29 posted on 07/17/2013 3:21:14 PM PDT by CedarDave (Trayvon Martin history: The MS media is in love with burglars and thugs in training.)
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To: 1rudeboy

The air conditioning is workin’ fine.


30 posted on 07/17/2013 3:23:01 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: 1rudeboy

LOL, you’re WAY ahead of me.


31 posted on 07/17/2013 3:27:56 PM PDT by Paladin2
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To: Olog-hai
But Dingy Harry hasn't given up yet:

Sen. Harry Reid, D-Nev., a major booster of the project, said Friday there was still a chance of federal backing for the major transportation project. An XPressWest spokeswoman said the company understood the project still was being reviewed.
Feds: XPressWest failed to meet 'Buy America' rules for high-speed train

32 posted on 07/17/2013 3:33:18 PM PDT by CedarDave (Trayvon Martin history: The MS media is in love with burglars and thugs in training.)
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To: wideawake

Yeah, his hometown is on the route - Searchlight!


33 posted on 07/17/2013 4:44:22 PM PDT by lu shissler (ecause)
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