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 ...
yes lol that is a classic episode.
How much federal funds are going to this damned boondoggle?
They can call it “The Gimsmedat Flyer”
The “Big Dig” on steroids.
Pig iron seems appropriate for a pork-barrel railroad where there's lots of foolin' goin' on. All aboard!
Mr. niteowl77
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.
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
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.
I’m sure the contractors and equipment providers are affiliates of the state regime....
Who would “Buy”these”Bonds”?Helen Keller?????
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.
That's not a valid argument given that HSR works just fine in Japan.
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.
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.
Willie Green Memorial Ping
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!
Thanks.
Willie Green Memorial Ping.
Run that by the Sierra Club and see their response - it would be a major ecological disaster!
Would make for a pretty good Irwin Allen movie though...
(what?...he's dead?)
...never mind.
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