Despite a new $2.25-billion infusion of federal economic stimulus funding, there are intensifying concerns -- even among some high-speed rail supporters -- that California's proposed bullet train may not deliver on the financial and ridership promises made to win voter backing in 2008.
Estimates of ticket prices between Los Angeles and San Francisco have nearly doubled in the project's latest business plan, pushing ridership projections down sharply and prompting new skepticism about data underpinning the entire project.
"This just smells funny," said state Sen. Alan Lowenthal (D-Long Beach), a supporter of high-speed rail and chairman of the Senate Transportation and Housing Committee.
New inflation-adjusted construction figures show that outlays needed to build the first 520-mile phase of the system have climbed more than 25%, from $33.6 billion to $42.6 billion.
Sunday, February 28, 2010
LA Times: Some fear high-speed rail won't deliver on early promises
Posted by Ben Cunningham at 10:34 AM