Posted on 12/20/2019 5:39:00 PM PST by Tolerance Sucks Rocks
Development of a proposed hyperloop transportation system linking Pittsburgh, Cleveland and Chicago would not only be a boon to communities along the travel corridors but also would be a strong business investment.
That’s the conclusion of a 157-page feasibility study released Monday in Cleveland by the Northeast Ohio Areawide Coordinating Agency and Hyperloop Transportation Technologies Inc., a California-based company developing the technology to move passengers and freight at more than 500 mph through low-pressure tubes. Consultant Transportation Economics and Management Systems performed the $1.3 million study of the proposed Great Lakes Hyperloop System.
For the first time, the study estimated the costs of building the high-speed alternative to transportation by regular rail service and aviation. It said the cost to build the entire system would be about $40 billion, but investors could expect an operating profit of $30 billion during its first 25 years of hauling passengers and freight.
“The financial and economic results are unprecedented, illustrating a strong case for the public-private partnership to continue working to bring hyperloop to the Great Lakes corridor,” the study said. “Hyperloop will spur the New Economy service industries of finance, software and logistics; thus understanding the needs of the commuter population are paramount to maintaining a responsive service along the corridor.”
Alexander Metcalf, president of the consulting firm, stressed at a news conference at the Great Lakes Science Center in Cleveland that the project would be a good business investment. The expectation is that any hyperloop project would be a public-private partnership, with the public providing rights of way and stations and private investment paying capital costs for the tubes and technology.
(Excerpt) Read more at post-gazette.com ...
Kneejerk guess > massive fustercluck + massive corruption
21st century Music Man
WTH?!
Last I knew all three cities were depopulating.
If they say it will cost $100 billion be assured it will cost twenty times that.
Can you say “Boon Doggle?”
highly profitable for the polticans skiming off the kick backs from contractors
No doubt. Just look at what a power house money maker amtrak i.................... Oh.
Sounds cool. But the technology is yet to be proven reliable or safe or durable. My off the cuff reaction is that it will end up costing well north of $40 billion to build out, and won’t make anywhere close to $30 billion in profits over the first 25 years.
Still, would be cool to see them build something like this as a pilot, and then scale it. But heck if it is all private money and private property who am I to complain?
No doubt it would be highly profitable for the people peddling it.
It would be highly profitable,for those building it and servicing it.
Fracking would make the ground beneath our feet unstable they say. It could trigger sinkholes and earthquakes they say. But putting 100’s of miles of tubes under that very same ground, plus the ventilation and electrical systems and other logistics needed will save the planet. More wasteful feel good-ism from the tree huggers and trainbrains.
Fasten your seatbelts!
Heh! set to the Simpson's monorail, genius!
Sounds great. At 500 mph, you could watch the Bears lose at noon, catch a Cleveland Browns loss at 4pm and then see Pittsburgduhhh lose the Sunday night game.
They should get in touch with Elon Musk and The Boring Company. Check out YouTube interviews about them. Whereas existing tunnel boring companies do the job at a cost between $100 million to $500 million a mile, Elon says his company can do the job between $3 million to $10 million a mile. Existing government projects are wasteful and use century old technology. The Boring Company currently has a tunnel contract near Los Angeles. Not a hyper loop, but the tech can be scaled up to a hyper loop between cities.
The wrecks would be spectacular
Imagine that! The company whose technology it is presents a study stating that we should invest beaucoup billions in their idea.
Also, notice that they're still "developing" the technology, yet they can already predict what it will cost, and all the pluses and minuses. Geniuses, I say!
Not much to skim off the lower priced tunnel, so that one is out of the running.
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