California bullet train

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California bullet train

Maybe, if we're lucky. They had wildly underestimated the costs and woefully underbudgeted just the first stretch of train construction by billions. This is actually the second time the cost for just the first leg of the project has skyrocketed.

None of this is a shocker to anybody who has been remotely paying attention to this project. From the very beginning, critics who analyzed the state's bullet train plan warned that the projections were way off. The ballot initiative authorizing the train's construction requires that it not demand additional operational state subsidies, so there was a pretty significant incentive for the project's proponents to insist California bullet train it would be built within specifications.

Ina decade ago, Reason Foundation analysis determined that the projections for the costs of both building and operating the train were off by billions.

And to be clear, right now there does not appear to be much real thought about how this train project can actually progress beyond this initial phase.

Ralph Vartabedian of the Los Angeles Times politely understates: And you probably shouldn't assume that the project's unexpected budget increases will scale at the same rate. The train's construction will get more challenging as it heads toward San Francisco and Los Angeles.

California bullet train

Or maybe "if it heads toward San Francisco and Los Angeles" is a better way to talk about the train's future. This boondoggle has been propped all along the way by Gov.

Jerry Brown, who is entering into his final stretch as governor this year. He has been insistent in setting aside money to keep the project going even as more Democrats within the state have been increasingly concerned. But as the Los Angeles Times notes, they may be a little shy about speaking too loudly.

Gavin Newsom, running to succeed Brown as governor, has declined for the past two years repeated requests to be interviewed about the high-speed train project's future.

Back inthough, Newsom was more vocal and public when he reversed position. Like many institutional California Democrats, he supported the bullet train at first.

But then once he recognized the costs growing out of control, he turned against it. He also said at the time that many Democrats felt the way he didbut few were saying so publicly. That was before he announced he was running for governor, though.

California bullet train

Newsom's acknowledgement tracks with observations by Reason's Matt Welch and former editor Virginia Postrel that the political class in California knew full well this was all a fancy boondoggle designed to appeal those who glamourized zipping across the Golden State landscape in a shiny, superfast train.

Does Newsom still oppose Brown's train project?TradePort is a repository of free information and resources for businesses involved in all aspects of global trade.

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As we noted the estimated cost to build California’s bullet train from San Francisco to Los Angeles has doubled to $ billion and could almost triple to $ billion.

Governor Jerry Brown is now on record what he thinks of it.

California High Speed Rail Authority - State of California

“This is bullsh. the political class in California knew full well this was all a fancy boondoggle designed to appeal those who glamourized zipping across the Golden State landscape in a shiny, superfast train.

The California Rail Map shows + destinations you can reach right now on the train or connecting bus or ferry. It includes rail lines of the following agencies: Amtrak, BART, Muni, VTA, Caltrain, Altamont Commuter Express, Sacramento Regional Transit, NCTD, San Diego Trolley, LA Metro, and Metrolink.

A quick overview...

As we noted the estimated cost to build California’s bullet train from San Francisco to Los Angeles has doubled to $ billion and could almost triple to $ billion. Governor Jerry Brown is now on record what he thinks of it.

“This is bullshit,” he told reporters in Sacramento on March the political class in California knew full well this was all a fancy boondoggle designed to appeal those who glamourized zipping across the Golden State landscape in a shiny, superfast train.

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