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Author Topic: Most Expensive Public Works Project Ever Breaks Ground  (Read 260 times)
mfrank
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« on: January 06, 2015, 07:08:21 PM »

California breaks ground on bullet train project despite opposition, as price tag soars

By William La Jeunesse
Published January 06, 2015
FoxNews.com

Despite cost overruns, lawsuits, public opposition and a projected completion date 13 years behind schedule, California Gov. Jerry Brown broke ground Tuesday on what is to become the most expensive public works project in U.S. history: the California bullet train.

Over the next 1,000 days, California is estimated to spend roughly $4 million a day on the project.

The high-speed train, set to be finished in 2033, originally was supposed to deliver passengers from San Francisco to Los Angeles in two hours and 40 minutes. That was the promise when voters narrowly approved $10 billion in bonds for the project in 2008. Since then, however, the estimated trip time has grown considerably, and the train has encountered persistent problems -- as experts uncovered misrepresentations in the ballot proposition, and opponents sued to stop the project on environmental and fiscal grounds.

"We're talking about real money here," said Kris Vosburgh, executive director of taxpayer watchdog group Howard Jarvis Taxpayers Association. "This is money that's not available for health care or education, for public safety, or put back in taxpayers' pockets so they have something to spend. This is money being drawn out of the system for a program that is going to serve very few people."

Much about the project has changed since it was sold to the public.

Voters were told the project would cost just $33 billion. Once experts crunched the numbers, however, the price tag soared to $98 billion. It was supposed to whoosh riders from Southern California to the Bay Area in less than three hours, but now itís more than four hours due to changing track configurations and route adjustments. The train was supposed to get people off the freeway and reduce carbon emissions, but a panel of experts now says any carbon savings will be nominal.

Further, ridership projections have been cut by two-thirds from a projected 90 million to 30 million a year. Fewer riders means higher prices. According to a panel of transportation experts hired by the Reason Foundation, Citizens Against Government Waste and the Howard Jarvis Taxpayers Association, tickets will exceed $80 -- not $50 -- and the system will require annual subsidies of more than $300 million annually.

"The public has turned sour on this plan but the governor, to paraphrase Admiral Farragut, has taken a position of 'damn the people, full speed ahead'," Vosburgh said.

Undaunted by critics, Brown broke ground in Fresno on Tuesday on the first 29-mile segment of the train's system. Under Brown's direction, the California High Speed Rail Authority has gone to court to seek an exemption from an environmental quality law the state imposes on other projects but not this one. Brown also convinced the state Legislature to dedicate an annual revenue stream from the state's carbon tax, to help pay for the bullet train.

[Snip]

http://www.foxnews.com/politics/2015/01/06/california-bullet-train-most-expensive-public-works-project-in-us-history/
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Soul Crusher
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« Reply #1 on: January 06, 2015, 07:41:26 PM »

What a joke.  Typical idiot leftists
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« Reply #2 on: January 07, 2015, 12:35:54 AM »

I heard part of that fucktard Brown's speech. Obvious Daddy issues.
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pedro01
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« Reply #3 on: January 07, 2015, 04:53:12 AM »

I just don't see how you have the population density there for this.

It's not like Japan where it's a small country with a large population and secondary train systems reaching throughout the entire country.

US is too spread out for this IMO - it's going to be a ghost train.
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tonymctones
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« Reply #4 on: January 07, 2015, 05:22:25 PM »

They are proposing one from Houston to Dallas in Texas. I really like the idea of being able to get to Dallas in 1.5 hours as opposed to 4.5 hours but I agree its just not economical at the moment.
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