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California Clears A Major Hurdle Toward Building Nation's Most Ambitious High-Speed Rail System
Business Insider ^ | 08/01/2014

Posted on 08/01/2014 8:04:47 AM PDT by SeekAndFind

A California appeals court has ruled a state authority may issue $8 billion in bonds to help finance a high-speed rail system in the most populous U.S. state, removing a substantial obstacle to the proposed $68 billion plan. In overturning on Thursday a state court's 2013 ruling, the three-judge panel in Sacramento said the California High-Speed Rail Authority, which is overseeing the high-speed rail project, "properly found that issuance of bonds for the project necessary or desirable," court documents show.

The panel also vacated a lower court order that the state redo its financial plan for the project.

The rail project has been dogged by questions over its planned routes, ridership estimates, and projected costs.

The plan to build an 800-mile high-speed rail system between San Francisco and Los Angeles is a priority for California Governor Jerry Brown.

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


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: California
KEYWORDS: california; highspeedrail

1 posted on 08/01/2014 8:04:47 AM PDT by SeekAndFind
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To: SeekAndFind

Another money pit.


2 posted on 08/01/2014 8:07:12 AM PDT by Resolute Conservative
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To: SeekAndFind

That Simpsons Monorail episode summed all of this up really well.


3 posted on 08/01/2014 8:07:18 AM PDT by Noamie
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To: SeekAndFind

What percentage of the workforce will have to be Obama Illegals and of course LGBT ?


4 posted on 08/01/2014 8:09:17 AM PDT by molson209 (Blank)
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To: SeekAndFind
High-Speed Rail System straight to High-Speed bankruptcy
5 posted on 08/01/2014 8:09:45 AM PDT by V_TWIN
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To: SeekAndFind

State ok’s 8B.
Where is the remaining 100B going to come from?

Green Energy tax kickbacks


6 posted on 08/01/2014 8:09:48 AM PDT by Zathras
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To: SeekAndFind

What the voters approved in 2008, is no where near what is being built. Not the speed, not the cost. This is light rail on steroids.

Once again, disenfranchisement.


7 posted on 08/01/2014 8:10:48 AM PDT by cicero2k
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To: SeekAndFind
Are they still on this?
Has anyone determined if there is an actual customer demand for this expensive service?
It smacks of a typical liberal environmental scheme where the real purpose is to waste taxpayer money.
Besides, I don't think a high-speed rail in a major earthquake zone is a particularly good idea.

8 posted on 08/01/2014 8:11:22 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: SeekAndFind
Every single publically funded transportation system has shown that it pays for itself in less than 10 years. Ridership increases, and more money can be collected by charging riders the actual cost of using the system.

Oh, wait! JUST THE OPPOSITE!!

1000 contrary examples, but THIS ONE is going to be the one that works.
9 posted on 08/01/2014 8:12:38 AM PDT by Rebel_Ace (Tags?!? Tags?!? We don' neeeed no stinkin' Tags!)
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To: SeekAndFind

Building hi-speed rail through a major seismic-risk area crisscrossed by faults, what could go wrong??!!


10 posted on 08/01/2014 8:14:02 AM PDT by PTBAA
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To: BitWielder1
"...I don't think a high-speed rail in a major earthquake zone is a particularly good idea..."

You don't even need an actual earthquake, either. Just the slow "ground drift" in the area can bend rails out of spec, causing horrific accidents.
11 posted on 08/01/2014 8:15:08 AM PDT by Rebel_Ace (Tags?!? Tags?!? We don' neeeed no stinkin' Tags!)
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To: SeekAndFind

The success story of the Frankfurt airport to Koln high-speed rail: Built between 1995 and 2002....it cost around $7 billion to complete. Today? It runs once per hour. The ticket is around $110 (this was the cost in 2006, it may have gone down) for a one-way ticket between the Frankfurt airport and Koln, 110 miles in distance.

It’s a sixty-minute ride...where the normal ICE train could do the the job in roughly 2.5 hours.

How many thousands of people ride the train daily? Well...it’s mostly businessmen because of the cost. At some point in 2006, they were reporting a typical training leaving Frankfurt for Koln had around thirty people onboard. The entire train consisted of two cars. I would imagine they could have held roughly eighty people on the two cars max.

As for paying off the billions invested? Zero chance. It pretty much killed off all chances of a second future high-speed rail system in Germany.

It only makes sense if you intend to run a fast line from some airport to the nearby town (say twenty miles max). Otherwise, it’s a total waste of funds.


12 posted on 08/01/2014 8:16:08 AM PDT by pepsionice
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To: PTBAA

“the proposed $68 BILLION plan”

California needs a lot of things—like desalinization plants (the new Israeli ones work fine) to end potential droughts.
And new power plants for its increasing population (try Thorium reactors).

All that can be done for a lot less than 68 BILLION.

But instead, California will get a high speed rail that runs from San Francisco to a terminal two hours by car from LA (from LA you DRIVE YOUR CAR to the terminal, two hours from Los Angeles, and then get on the high speed rail to San Francisco).

WHY is ANYONE backing his crazy scheme, by a bankrupt state, which is in dire need of fixes to much of its infrastructure?


13 posted on 08/01/2014 8:17:34 AM PDT by CondorFlight (I)
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To: Rebel_Ace

Oh well, another public works project disaster in the making. Now that the bay bridge is pretty much a wrap, on to bigger and better largess.


14 posted on 08/01/2014 8:17:35 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: SeekAndFind

…as well as going bankrupt.


15 posted on 08/01/2014 8:18:26 AM PDT by txrefugee
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To: CondorFlight

WHY is ANYONE backing his crazy scheme, by a bankrupt state, which is in dire need of fixes to much of its infrastructure?

I will answer that one: Corruption. This is the old Aquaduct system on steroids.


16 posted on 08/01/2014 8:19:14 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: pepsionice

It’s actually cheaper to fly between cities in Europe than to take a train.


17 posted on 08/01/2014 8:19:15 AM PDT by dfwgator
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To: V_TWIN

High-Speed Rail System straight to Unions, Dem-friendly contractors-donors and then to High-Speed bankruptcy.

These projects are just a way for the Dems to loot the treasury.


18 posted on 08/01/2014 8:19:18 AM PDT by VRW Conspirator (The next DNC convention will be spoken in Spanish; Press 1 for English)
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To: SeekAndFind

The only thing that’s going at high speed is all the water going down the drain! How about fixing the drought?


19 posted on 08/01/2014 8:23:05 AM PDT by US_MilitaryRules (The last suit you wear has no pockets!)
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To: SeekAndFind

SoCal is the last place that needs 20th-century rail; it’s the place that Li-ion cars work best!


20 posted on 08/01/2014 8:23:31 AM PDT by dangus
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To: Noamie

yes lol that is a classic episode.


21 posted on 08/01/2014 8:24:29 AM PDT by Patriot Babe
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To: SeekAndFind

How much federal funds are going to this damned boondoggle?

They can call it “The Gimsmedat Flyer”

The “Big Dig” on steroids.


22 posted on 08/01/2014 8:24:54 AM PDT by headstamp 2
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To: SeekAndFind
"Well I fooled you
I fooled you
I've got pig iron
I've got pig iron
I've got all-l-l-l pig iron."

Pig iron seems appropriate for a pork-barrel railroad where there's lots of foolin' goin' on. All aboard!

Mr. niteowl77

23 posted on 08/01/2014 8:31:21 AM PDT by niteowl77 (The five stages of Progressive persuasion: lecture, nudge, shove, arrest, liquidate.)
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To: SeekAndFind

He refuses to build water storage infrastructure.. back in the 70s and today,, but is more than happy to blow billions on a train to nowhere.


24 posted on 08/01/2014 8:34:35 AM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: Noamie
That Simpsons Monorail episode summed all of this up really well.

25 posted on 08/01/2014 8:42:01 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: dfwgator

RE: It’s actually cheaper to fly between cities in Europe than to take a train.

What? And be taken down by a Surface to Air Missile? /s


26 posted on 08/01/2014 8:43:05 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: SeekAndFind
For less than $8 billion Boeing will sell them a fleet of magic levitation ultra high speed trains.


27 posted on 08/01/2014 8:43:08 AM PDT by Reeses
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To: CondorFlight

I agree with you, they need water, they are going to lose 2 billion just this year in crop loss.
Flying is safer, faster, and much cheaper than this boondoggle and there are empty seats now, so there is no demand for Jerry’s train.
You could employ countless construction workers building desalination plants, laying the pipelines for transit, pumping stations and much more and collect loads of tax revenue in the sales of clean useable water to revitalized towns and the thousands of new homes that could be built in the desert if they had water.


28 posted on 08/01/2014 8:53:41 AM PDT by reefdiver (Be the Best you can be Whatever you Dream to be)
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To: cicero2k

I’m sure the contractors and equipment providers are affiliates of the state regime....


29 posted on 08/01/2014 8:55:27 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: SeekAndFind

Who would “Buy”these”Bonds”?Helen Keller?????


30 posted on 08/01/2014 8:57:18 AM PDT by bandleader
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To: All
The plan to build an 800-mile high-speed rail system between San Francisco and Los Angeles

And right here is the root of my problem with this plan. It's about 350 miles between SF and LA but with all of the gerrymanders to the route that have been put in by Democrats the route will be ridiculously long and it will be ridiculously slow because the trains will have to stop at every single podunk along the way instead of being an express between LA and SF like it should be.

It's a waste of money. Cancel this thing and let the French build it like they originally proposed.

31 posted on 08/01/2014 8:57:31 AM PDT by MeganC (It took Democrats four hours to deport Elian Gonzalez)
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To: BitWielder1
Besides, I don't think a high-speed rail in a major earthquake zone is a particularly good idea.

That's not a valid argument given that HSR works just fine in Japan.

32 posted on 08/01/2014 8:58:48 AM PDT by MeganC (It took Democrats four hours to deport Elian Gonzalez)
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To: dfwgator
It’s actually cheaper to fly between cities in Europe than to take a train.

But by taking the train in Europe you get to experience the full flavor of European culture by getting robbed and assaulted by Turks and Romanians.

33 posted on 08/01/2014 9:01:48 AM PDT by MeganC (It took Democrats four hours to deport Elian Gonzalez)
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To: SeekAndFind

In the new Green California Liberal Land, when cars, carbon and killing animals are banned...where no coal plants, no drilling and no fracking...when all weapons are surrendered to the local police and every food eaten must be non-GMO and organic....when Mexico annexes most of the tax revenue...and every $15 minimum wage earner is unionized, taught in Common Core and registered Democrat...the rail line will be legacy Jerry Brown leaves as the means of transportation to the re-education camps for the remaining Conservatives.


34 posted on 08/01/2014 9:13:08 AM PDT by wac3rd (Somewhere in Hell, Ted Kennedy snickers....)
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To: SeekAndFind; Army Air Corps

Willie Green Memorial Ping


35 posted on 08/01/2014 9:22:30 AM PDT by palmer (This comment is not approved or cleared by FDA)
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To: SeekAndFind
So if the headline SCREAMS "Most Ambitious High-Speed Rail System", my read of proper English Grammar would say that somewhere in the US, someone else is building a less ambitious High-Speed Rail System. My question is ... WHERE?

Also, the use of the term 'System' indicates something other than a single line. Is this California Dream going to have more than a singular North and South terminus is the next quarter-century or so?

English, how it is corrupted, but then again, there is California!

36 posted on 08/01/2014 9:40:42 AM PDT by SES1066 (Quality, Speed or Economical - Any 2 of 3 except in government - 1 at best but never #3!)
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To: palmer

Thanks.


37 posted on 08/01/2014 9:43:12 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: GeronL

Willie Green Memorial Ping.


38 posted on 08/01/2014 9:43:36 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: reefdiver
You could employ countless construction workers building desalination plants, laying the pipelines for transit, pumping stations and much more and collect loads of tax revenue in the sales of clean useable water to revitalized towns and the thousands of new homes that could be built in the desert if they had water.

Run that by the Sierra Club and see their response - it would be a major ecological disaster!

39 posted on 08/01/2014 9:48:07 AM PDT by SES1066 (Quality, Speed or Economical - Any 2 of 3 except in government - 1 at best but never #3!)
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To: PTBAA
Building hi-speed rail through a major seismic-risk area crisscrossed by faults, what could go wrong??!!

Would make for a pretty good Irwin Allen movie though...

(what?...he's dead?)

...never mind.

40 posted on 08/01/2014 9:48:52 AM PDT by RckyRaCoCo (Shall Not Be Infringed)
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To: CondorFlight

As I recall, that 68 billion is about twice the original projected cost and about two thirds of the most recent projections. The completion “estimate” has also been pushed out by about twenty years.

There’s a whole lot of number fudging going on. It still looks like it’s going to be a disaster of epic proportions.


41 posted on 08/01/2014 9:54:07 AM PDT by Bob
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To: Army Air Corps

bump

White Elephant Express


42 posted on 08/01/2014 10:13:31 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: SES1066
It would, but what is happening now is a disaster, a good politician could lay out a road map and the public would be with him. You could run over the Sierra Club.
43 posted on 08/01/2014 10:33:57 AM PDT by reefdiver (Be the Best you can be Whatever you Dream to be)
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To: SeekAndFind

The judges must have received a stock tip.


44 posted on 08/01/2014 10:42:11 AM PDT by Carry_Okie (Grovelnator Shwarzenkaiser: fasionable fascism one charade at a time.)
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