Bullet trains, derailed: high speed rail scam.
Author | Doherty, Brian |
Position | Citings - Reason Foundation's findings on the report of California High-Speed Rail Authority - Brief article |
The California High-Speed Rail Authority (CHSRA) made many promises when it pitched the public a multi-billon-dollar plan to build "bullet trains" from Los Angeles to San Francisco that would allegedly cut what is generally a six-hour automobile ride to two hours and 40 minutes--at a promised ticket price of $50. Voters approved the project in 2008.
The Reason Foundation (which publishes this magazine) took a jaundiced look at CHSRA's promises that year. Now it has updated that study, with California High Speed Rail: An Updated Due Diligence Report.
The study found the promises of bullet trains remain fantasy. The tickets will likely cost $81 and the trip will take more than four hours. CHSRA consistendy understates costs and overstates revenues and likely ridership...
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