[Ed. – Another Obama dream crashes headlong into reality.]
How bad are the problems, delays, and rising cost estimates for the state’s proposed high-speed rail system? “Initially a rat-hole, now a sinkhole, soon it will be an abyss in which more and more tax dollars are forever lost. I speak of the never-ending scam called high-speed rail,” California state Sen. Andy Vidak, R-Hanford, said in a statement.
The state rail authority once again revised its timetable and costs, now estimated to range from $77.3 billion up to $98.1 billion. The earliest year that trains could start running is now expected to be 2029, 11 years from now and four years later than the rail authority’s previous guess. And that’s only for trains running between the Bay Area and Central Valley. The full rail system that taxpayers were promised would not be up and running until 2033 at the earliest.
Presented to taxpayers a decade ago, Prop. 1A, proposed allocating $9.95 billion of general obligation bonds to partially fund a $40 billion high-speed rail line spanning 800 miles, connecting Northern California to Southern California in a projected travel time of two hours, 40 minutes. None of that has happened in reality.