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Nov 27, 2011

California "economic headshot" ....Going Ahead With Bullet Train

Despite all logic..."[California state leaders] have rallied around a plan to build a 520-mile high-speed rail line from Los Angeles to San Francisco, cutting the trip from a six-hour drive to a train ride of two hours and 38 minutes. And they are doing it in the face of what might seem like insurmountable political and fiscal obstacles. The pro-train constituency has not been derailed by a state report this month that found the cost of the bullet train tripling to $98 billion for a project that would not be finished until 2033, by news that Republicans in Congress are close to eliminating federal high-speed rail financing this year, by opposition from California farmers and landowners upset about tracks tearing through their communities or by questions about how much the state or private businesses will be able to contribute."

Read more of this story at Slashdot.