Hits bottom - keeps digging. California

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UPDATE BELOW

No common sense at all. From Zero Hedge:

California Approves $3.2 Billion Bond For High Speed Train To Nowhere
The high speed train is dead, long live the high speed train.

Less than a year after California Gov. Gavin Newsom brought California's dreams for a LA to San Fran bullet train crashing down, when he said in February that he is ending the state’s hugely expensive and hopelessly quixotic high-speed rail line fiasco (which would have been completed in 2033 at a staggering cost of $77 billion), California is about to unleash another high speed train project, and this one is even more idiotic.

The California Infrastructure and Economic Development Bank (IBank) has authorized a $3.2 billion tax-exempt, fixed-rate revenue bond issuance to help DesertXpress Enterprises, an affiliate of Virgin Trains USA, build a high-speed train from Victorville, California, to Las Vegas. The new XpressWest service, at speeds of up to 180 miles per hour, will take about 90 minutes one way. 

There is just one problem: Victorville, located in SoCal's high desert, is quite literally in the middle of nowhere.

I get that this is the first leg of the proposed Las Vegas - Los Angeles service but the two cities are only 270 miles apart - about a four hour drive. So you will park your car, get on the train, arrive at your destination (saving two hours) and then pay for Uber to get to where you want.

If it was me, I would choose to not have the baggage restriction, not have to pay to park my car, not have to pay for a taxi and have my own personal vehicle with me at all times - saving two hours in transit time does not provide enough benefit for me to forgo these perks.

Stupid idea at a time when the state is facing some profound financial problems.

UPDATE: Just for the hell of it, I looked up the California State Debt. It currently stands at $453 Billion dollars. This rail project represents 0.7% of the total California debt. This is not an insignifcant chunk of change for one project (and the cost overruns of course). They need to be reducing their debt, not switching to turbo mode.

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This page contains a single entry by DaveH published on November 10, 2019 10:36 AM.

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