High Speed Rail Costs Soar
Original post made by POGO, Woodside: other, on Aug 9, 2011
It was just reported that the initial segment of California's high speed rail between the Merced and Bakersfield "metros" has jumped from $7.1 billion to $14 billion in just two years.
If this short, straight, desolate segment has doubled in cost in just two years, then what are the chances that the far longer, far more complex, urban segments that require EIR and complex permitting have a prayer's chance of coming in anything close to budget?
Our state is dead broke. When are we going to shut this boondoggle down?