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Costs of California’s troubled bullet train rise again, by an estimated $5 billion
LA Times via cnbc ^ | 2-8-22 | RALPH VARTABEDIAN

Posted on 02/09/2022 5:41:24 PM PST by dynachrome

California bullet train officials on Tuesday released a new draft project blueprint that acknowledges that costs have risen roughly $5 billion but seeks to address several issues that have generated blowback.

The 2022 business plan estimates that the full, 500-mile, high-speed system between Los Angeles and San Francisco will cost as much as $105 billion, up from $100 billion two years ago. In 2008, when voters approved a bond to help build the railroad, the authority estimated that the system would cost $33 billion.

In its latest blueprint, the California High Speed Rail Authority abandoned a plan to save money by building only a single track for an initial 171-mile operating system between Bakersfield and Merced; instead, it plans to build a two-track system.

(Excerpt) Read more at cnbc-business.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: California
KEYWORDS: bullettrain; california; corruption
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To: rxh4n1

And I assume Boston needed the Big Dig. This is absolutely not needed, just the most expensive virtue signaling project in the world.


21 posted on 02/09/2022 6:46:32 PM PST by steve86 (Prophecies of Maelmhaedhoc O'Morgair (Latin form: Malachy))
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To: dynachrome

22 billion for a train from Bakersfield to Merced. Sounds like a great idea.


22 posted on 02/09/2022 7:11:35 PM PST by hinckley buzzard ( Resist the narrative.)
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To: dynachrome
It will never be completed.

The route can't realistically go over, through, or around the Tehachapis.

Even if it could, nobody wants to ride it.

There are scams and the big cons...

...and then there's the "high speed rail".

23 posted on 02/09/2022 8:20:26 PM PST by Seaplaner (Never give in. Never give in. Never, never, never...in nothing, great or small...Winston Churchill)
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To: dynachrome

Look for the union label.


24 posted on 02/09/2022 8:42:19 PM PST by lurk (u)
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To: DIRTYSECRET

I seem to recall that Trump pulled the plug on handing California federal money for this boondoggle, but they got it reinstated later.


25 posted on 02/09/2022 8:58:54 PM PST by KittyKares (Trump put us in the room; now we're putting ourselves in the room. - Steve Bannon)
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To: dynachrome

All Trump wanted was $5 Billion for a decent wall to secure our entire Southern border.


26 posted on 02/09/2022 10:16:29 PM PST by Dogbert41 (Hungering and thirsting for Righteousness...)
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To: dynachrome

The definition of sunk cost fallacy.


27 posted on 02/09/2022 11:29:31 PM PST by Mr. Blond
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To: steve86

Absolutely. The biggest boondoggle in history.


28 posted on 02/10/2022 2:42:39 AM PST by rxh4n1
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To: Seaplaner

*It will never be completed.
The route can’t realistically go over, through, or around the Tehachapis.
Even if it could, nobody wants to ride it.*

You may just bright on the Tehachapi’s.

There is something to be said about avoiding construction along the proposed route so that perhaps some day it does become feasible.


29 posted on 02/10/2022 8:12:01 AM PST by DIRTYSECRET
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To: Duckdog
A money pit, just like Bostons big dig.

It's a good thing it's only money we are talking about.

By the way, Where is Willie Green when you need him?

30 posted on 02/10/2022 9:50:42 AM PST by dearolddad
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To: DIRTYSECRET

The secret plan is to wait until the Big Earthquake hits either the Bay Area or the LA Basin—and then blame it for failure to complete the project!


31 posted on 02/10/2022 9:55:13 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: hinckley buzzard

AKA The Brown Streak.


32 posted on 02/10/2022 3:48:39 PM PST by Jacquerie (ArticleVBlog.com)
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