US EditionJon Coupal: The lamest excuse for perpetuating the high-speed rail project
- Opposition to California's High-Speed Rail project has grown amid escalating costs since voters approved a $10 billion bond in 2008 to connect Los Angeles and San Francisco.
- Within three years following the approval of Proposition 1A, the projected expenses for the project nearly doubled, increasing from an initial estimate of $40 billion to almost $100 billion, raising doubts about both the promised funding and the overall feasibility.
- Critics, including Jon Coupal of the Howard Jarvis Taxpayers Association, highlight the sunk cost fallacy as key to continued investment despite private funding never materializing as promised.
- A study determined that the current California High-Speed Rail Authority proposals are unlikely to correspond to the final construction because of unreliable ridership estimates and cost projections, with an affidavit stating, "this is not what the voters approved."
- While President Trump called the cost overrun "the worst I’ve ever seen," Governor Newsom’s spokesperson said abandoning construction now, with 50 major structures built, would waste billions invested.
13 Articles
13 Articles
Newsom Taking Shots At Texas High Speed Rail
YouTube @ FOX 11 Los Angeles California Governor Gavin Newsom is taking shots at proposed High Speed Rail project in Texas. A new report on California’s High-Speed rail released from the Governor’s office says, if it’s ever completed, the mass transit system will be biggest and the best in the country. The Golden State high speed rail is expected to run from San Francisco to Los Angeles, stretching nearly 500 miles. But in Texas, the proposed p…
Press-Telegram
Jon Coupal: The lamest excuse for perpetuating the high-speed rail project
Opposition to California’s High Speed Rail project keeps mounting. What began as a $10 billion bond measure to fund a rail project that would travel from Los Angeles to San Francisco has morphed into America’s most embarrassing boondoggle costing hundreds of billions of dollars. Throughout its tortured history, the project’s detractors have been proven right over and over again. It started with a Due Diligence Report from the Reason Foundation a…
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