California News

Newsom’s Downsized High-Speed Rail Plan Faces Financial Problems

Los Angeles Times-


It was just last year that Gov. Gavin Newsom said he would need to downsize California’s ambitious bullet train project, because the state could afford only a limited system from Merced to Bakersfield.

But even the viability of that scaled-down $20.4-billion plan is becoming uncertain as construction costs rise in the San Joaquin Valley, expected revenues are under pressure and land acquisition problems continue to mount.

The changing conditions have prompted the California High-Speed Rail Authority to launch a comprehensive reassessment of its plans, said Chief Executive Brian Kelly, who is facing tougher questions by state leaders, given the austere outlook.

Read More

Sign Up For The California Right Weekly Newsletter:

Processing…
Success! You’re on the list.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: