LOL, more news from The Loony State...
http://reason.com/blog/2018/01/17/californias-boondoggle-bullet-train-abou
Will California's high-speed rail plan go bankrupt before the state even finishes building the first leg? Maybe, if we're lucky.
On Tuesday, the officials in charge of the massive $64 billion boondoggle were formally told what everybody with any lick of sense has been saying from the start: They had wildly underestimated the costs and woefully underbudgeted just the first stretch of train construction by billions.
The first 119-mile stretch of the bullet train project in the central part of the state is going to cost $10.7 billion, which is much higher than the original $6 billion budgeted. This is actually the second time the cost for just the first leg of the project has skyrocketed. In September, the cost of the initial leg of the project jumped $1.7 billion.
http://reason.com/blog/2018/01/17/californias-boondoggle-bullet-train-abou
Will California's high-speed rail plan go bankrupt before the state even finishes building the first leg? Maybe, if we're lucky.
On Tuesday, the officials in charge of the massive $64 billion boondoggle were formally told what everybody with any lick of sense has been saying from the start: They had wildly underestimated the costs and woefully underbudgeted just the first stretch of train construction by billions.
The first 119-mile stretch of the bullet train project in the central part of the state is going to cost $10.7 billion, which is much higher than the original $6 billion budgeted. This is actually the second time the cost for just the first leg of the project has skyrocketed. In September, the cost of the initial leg of the project jumped $1.7 billion.
