ArlJim78
11-01-2011, 03:50 PM
Ok lets see.
In 2008 they sell a high speed rail program to Californians putting the cost at $33 billion and 12 years to complete.
Obama throws $3.5 Billion in stimulus money at the project earlier this year, when the total costs were projected to be $43 billion.
Well shazaam! they just released the final plan (http://www.mercurynews.com/california-high-speed-rail/ci_19236454)and the cost has now jumped to $100 billion and it won't be completed until 2033.:eek:
No problem right, just a little more borrowing that's all.
What do you suppose the odds are of this thing getting the funding?
If it does, what will the final cost and completion date be?
Faster than a speeding bullet train, the cost of the state's massive high-speed rail project has zoomed to nearly $100 billion -- triple the estimate given to voters and more than enough to run the entire state government for a year.
What's more, bullet trains won't be up and running until at least 2033, much later than the original estimate of 2020, although that depends on the state finding the remaining 90 percent of the funds needed to complete the plan.
The new figures come from a final business plan to be unveiled by the California High-Speed Rail Authority on Tuesday, though some of the details were leaked to the media, including this newspaper, on Monday. Officials at the rail authority did not respond to repeated requests for comment Monday.
In 2008 they sell a high speed rail program to Californians putting the cost at $33 billion and 12 years to complete.
Obama throws $3.5 Billion in stimulus money at the project earlier this year, when the total costs were projected to be $43 billion.
Well shazaam! they just released the final plan (http://www.mercurynews.com/california-high-speed-rail/ci_19236454)and the cost has now jumped to $100 billion and it won't be completed until 2033.:eek:
No problem right, just a little more borrowing that's all.
What do you suppose the odds are of this thing getting the funding?
If it does, what will the final cost and completion date be?
Faster than a speeding bullet train, the cost of the state's massive high-speed rail project has zoomed to nearly $100 billion -- triple the estimate given to voters and more than enough to run the entire state government for a year.
What's more, bullet trains won't be up and running until at least 2033, much later than the original estimate of 2020, although that depends on the state finding the remaining 90 percent of the funds needed to complete the plan.
The new figures come from a final business plan to be unveiled by the California High-Speed Rail Authority on Tuesday, though some of the details were leaked to the media, including this newspaper, on Monday. Officials at the rail authority did not respond to repeated requests for comment Monday.