http://almanacnews.com/square/print/2013/11/25/rulings-deal-financial-blow-to-high-speed-rail


Town Square

Rulings deal financial blow to high-speed rail

Original post made on Nov 27, 2013

California's proposed high-speed-rail system ran into a legal barrier Monday when a Sacramento judge ruled that the funding plan for the $68-billion project must be rescinded and refused to endorse the selling of bonds for the project.

Read the full story here Web Link posted Monday, November 25, 2013, 8:28 PM

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Posted by peninsula resident
a resident of Menlo-Atherton High School
on Nov 27, 2013 at 7:46 am

This is Excellent news! It's good to see the taxpayer requirements in Prop A being enforced. I'm sure the legislature and Brown will continue to work towards undermining California citizen's requirements, but this should be a big roadblock, preventing them from forcing a huge financial liability on us.

Mr. Brady and Mr. Flashman, THANK YOU! Keep up the good work.


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Posted by Looking to the future
a resident of Menlo Park: South of Seminary/Vintage Oaks
on Nov 27, 2013 at 2:18 pm

Would all you HSR and Caltrain haters just be honest. It's not about the financial issues. You are using the funding issues as your vehicle to kill both trains. Every group of naysayers looks for the one thing that can be used in court to oppose a project. You people found your issue and you won this round. Bully for you, today but, tomorrow and years from now, California will have a high speed rail system between S.F. and L.A. which our children and grandchildren will use on a regular basis. Life goes on despite roadblocks thrown down by frightened people


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Posted by Menlo Voter
a resident of Menlo Park: other
on Nov 27, 2013 at 5:00 pm

Looking:

it is no longer "high Speed Rail." It will not run at high speed between San Francisco and at least San Jose. No grade separations. HSR is a boondoggle of immense proportions meant only to reward organized labor who have financially supported all the democrats that keep pushing it. The citizens of California voted for one thing and HSR is trying to provide something that was NEVER approved. I hope it never gets built. I don't want my grandchildren and great grandchildren having to subsidize it their entire lives.


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Posted by peninsula resident
a resident of Menlo-Atherton High School
on Dec 2, 2013 at 2:04 pm

Looking into the future wrote:
> Would all you HSR and Caltrain haters just
> be honest. It's not about the financial
> issues. You are using the funding issues
> as your vehicle to kill both trains.

No. Wrong.

1) Prop 1A had both the bond money AND requirements associated with it. HSR wants the bond money from Prop 1A but wants to IGNORE the Prop 1A requirements. You don't get to take the money then do whatever you want with it. The proposition doesn't work like that. Deal with it, already.

You and people like you are fully empowered to have HSR approved in California. You just need to have a proposition passed with the following criteria:

a) at least 68billion (not the projected 32-34kbillion in prop 1a);
b) wave all environmental requirements;
c) require california taxpayers to funds operations in the foreseeable future, since it's highly unlikely it will ever pay for itself (only 2 of about 128 HSR lines in the world are profitable, and those 2 exist in regions with much higher population densities than LA basin<->SF bay area).


2) Every person I know that is opposed to HSR supports Caltrain, and wants more stops, not fewer. Your assertion that the opposition wants to kill both is flat out wrong.