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Keyword: railboondoggle

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  • Anschutz Co. luxury train service halts operations

    08/05/2010 8:56:08 AM PDT · by george76 · 10 replies
    ap ^ | August 4, 2010
    A new luxury train service with ties to Denver billionaire Philip Anschutz has stopped operating before taking its first trip. American Railway Explorer ... "operations have ceased," and it told contractors refurbishing its vintage rail cars to stop.
  • A Rail Boondoggle, Moving at High Speed

    08/05/2010 11:00:03 AM PDT · by george76 · 36 replies
    The Washington Post ^ | August 24, 2009 | Robert J. Samuelson
    The Obama administration's enthusiasm for high-speed rail is a dispiriting example of government's inability to learn from past mistakes. Since 1971, the federal government has poured almost $35 billion in subsidies into Amtrak with few public benefits. At most, we've gotten negligible reductions -- invisible and statistically insignificant -- in congestion, oil use or greenhouse gases. What's mainly being provided is subsidized transportation for a small sliver of the population. In a country where 140 million people go to work every day, Amtrak has 78,000 daily passengers. A typical trip is subsidized by about $50. Given this, you'd think even...