High-Speed Rail Fail
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  • Larry, San Francisco

    Let’s do the math on this. To keep it simple assume 40 million riders and an interest cost of 2% (currently the 10 year bond rate for California is 3.2%). This would result in a capital cost of $50 per trip even before operating costs. With a couple of weeks of advanced notice you can get a ticket from SFO to LAX for $59 on Southwest or get other tickets for about $70-$80 range. I don’t see how you can make this arithmetic work out.

  • vanderleun

    Bring it on. My new default position is to enable every single dumb and stupid idea California has in hopes of it reducing itself to an uninhabitable sewer as soon as possible. SPEND! SPEND! SPEND!

  • Kenny

    Fools.

  • David-2

    Their “open the railroad in stages” plan is absurd. From their own fact sheet (*) the first stage , to be opened in 2021, is either Merced San Fernando Valley for $33 BILLION dollars, or San JoseBakersfield for $31 BILLION dollars. Take a look at a map of California and decide for yourself how many riders/year that initial stage will get. My guestimate: The low 3 digits.

    The only purpose for this “stage” is so the Agency can say “You just spent more than $30 BILLION dollars for a useless railway. It will ALL be WASTED unless you spend another $30 BILLION dollar to get it to go anywhere at all and another $25 BILLION after that to get the ‘one-seat’ San Francisco to Los Angeles travel that you can already get on any airline.”

    (*) http://www.cahighspeedrail.ca.gov/assets/0/152/302/6e05bd66-4317-46df-9891-4aea706fae01.pdf

  • Kris

    Awww, is their shiny choo-choo jumping the track?

    One of the characteristics of democracy is that the electorate gets what it deserves. Good and hard.

    Schadenfreude? Moi?

  • Kris

    [email protected], you reminded me of the first video, which reminded me of the second:


    http://www.youtube.com/watch?v=KezvwARhBIc

    Both videos might provide a hint as to why I tend not to watch or read news in public.

  • John Barker

    There’s a novel or screenplay here–working title, The Great California Train Robbery. I fear that the rest of may have to assume the debt when California defaults.

  • Of course the price of gasoline could reach 10 dollars a gallon by the time the line is operative. That’s assuming bureaucrats stymie development of the oil shale in the Dakotas.

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