Posted on 03/14/2017 12:36:14 PM PDT by Oldeconomybuyer
In 2008, Californians approved a high-speed rail project that has become one of the largest infrastructure projects in the nation. The dream of taking a train from Southern California to San Francisco in about three hours is chugging along, but facing new barriers.
The original plan voters opted for in 2008 was titled the Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century. When voters approved the measure, the estimated cost of the project was $40 billion. The 2016 business plan reviewed by the Legislative Analysts Office estimated a cost of $64 billion.
WHAT IT WOULD TAKE TO BREAK EVEN
If the high-speed rail system averaged 10,000 passengers per day it would take 203.8 years of passengers paying $86 for a ticket to break even with the current $64 billion cost estimate.
Note: Estimates do not include the yearly maintenance of the rail system after it is finished.
(Excerpt) Read more at mercurynews.com ...
Shocking /sarcasm
End price? Probably six billion. It’ll never transport more than 500 people a day...that will be the amusing side to the story.
Note: Estimates do not include the yearly maintenance of the rail system after it is finished.
How much could that be anyway? A couple hundred dollars per year?
Admit it already that it was just a scam to redo the Sna Jose to SF line that no voter would approve face up.
How did this happen? OMG! Why, I never....
(This was predicted before the ink was dry on the original idea.)
> The original plan voters opted for in 2008 was titled the Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century. <
That’s the problem right there. It should have been called the “Safe, Reliable High-Speed Never-to-be Completed Passenger Train Bond Act for the 21st Century”.
Total scam from the very beginning.
Unless the state mandates ridership, there is no point in building it? And for that there is chief justice Roberts.
PING!
“If the high-speed rail system averaged 10,000 passengers per day”
That’s IF. Just another union- scheme to make more money. We’ve seen this episode of the Sopranos with the esplanade..
How many stops would this train make?
Each extra stop would slow it down, of course.
It’s too bad someone can’t invent a way to transport people in some kind of vehicle up in the air where you can go a high speed and not require all of those rails on the ground.
I live in the Greenest, most granola city in Canada, and even then, 76% of people drive to work. Other words so called “environment loving” liberals do not believe in their own rhetoric enough to sacrifice their cars. In the end convenience over rules conscience.
California has always been at war with Eastasia.
HSR is a compelling mobility solution which works all over the world.
64 Billion? A tax subsidy for the wealthy commuters?!
You could clothe, house, & provide healthcare for a lot of homeless for that price.
Why does CA hate the homeless??!
/s
I live in California and have been tracking this scam since Diane Feinstein’s husband won the contract as major contractor. Actual estimated cost is estimated at $120 billion. There are about 12 million families in California. California could take the $120 billion and purchase a new Ford or Chevy for each of these 12 million families. That is what I would call mass transit.
Well bust my buttons. A regular speed rail, going from wayyyyy out of town of LA to wayyy out of SF, but first they have to tunnel through solid rock along a fault line.... and the first leg will be between central ca points that don’t need rail....
And there is NOTHING ELSE to spend our tax dollars on in this state.....
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