Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Cost for California bullet train system rises to $77.3 billion
Los Angeles Times ^ | March 9, 2018 | RALPH VARTABEDIAN

Posted on 03/10/2018 6:33:11 AM PST by reaganaut1

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-47 last
To: napscoordinator

Tons of illegals in those rural areas. Gotta service them ya know. Maybe they’ll eventually run the train on down to Mexico.
Saw a news article the other day that said Kern County (where I live) has 70,000 illegals. Kern County’s population is about 840,000.


41 posted on 03/10/2018 7:24:49 AM PST by sheana
[ Post Reply | Private Reply | To 30 | View Replies]

To: reaganaut1

In 30 years it’ll be a swaying, rickety ride that will top out at 30mph on flat, straight stretches with half of the passengers camped on top of the cars ...If the earthquake doesn’t wreck it first!


42 posted on 03/10/2018 7:25:59 AM PST by BradyLS (DO NOT FEED THE BEARS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

Time to update the math:

Their ridership estimates range from 33M to 71M per year (http://www.hsr.ca.gov/docs/about/ridership/ridership_revenue_source_doc5.pdf), which would be 2.75M to 5.9M per month. The midpoint is 4.3M per month.

Always use the highest price available for a project. That’s the $98.1B, not the $77.3B. A $98.1B loan (municipal bonds) at 1.8% for 30 years (see here for example rates http://california.municipalbonds.com/bonds/recent/) has a payment of $353 million per month.

Divide that $353M by 4.3M riders and that’s a cost of $82 per person per trip, just for the infrastructure. That’s not counting salaries, the electricity, advertising, etc. So a one-way fare must cover that. Will there be a one-way fare from SF to LA of less than $10? I doubt it. So let’s say our one-way bullet train ticket is at least $92.

I see via the Southwest.com website that I can buy a ticket today for a Monday trip from SFO to LAX for $102, which includes taxes and fees.

Not much less under the best of circumstances, and will certainly be worse. But we’ve all known that from Day One.


43 posted on 03/10/2018 7:28:44 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Born to Conserve

the Maginot Line

That’s a great name for this train.


44 posted on 03/10/2018 7:34:21 AM PST by MileHi (Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: reaganaut1

California could build a new bullet train every three years on the money they spend on illegal migrants.

Granny always said to stop milking the Cow when it bleeds, a good lesson for the Californian tax collectors


45 posted on 03/10/2018 8:36:19 AM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

Democrats AGAIN screwing taxpayers.


46 posted on 03/10/2018 8:54:39 AM PST by VeniVidiVici
[ Post Reply | Private Reply | To 1 | View Replies]

To: Teacher317

My god. California gives 1.67 to the federal government. South Carolina give 37 cents. South Carolina also is full of welfare recipients and you know it. California is the 6th largest economy in the world. South Carolina is 1,345th largest economy in the world. Don’t get me started on your stste’s crappy education. Bless your stupid heart.


47 posted on 03/10/2018 11:20:26 AM PST by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
[ Post Reply | Private Reply | To 35 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-47 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson