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Some believe that Prop.8 was passed based on misstating the facts. A court will decide that.
There is no mistake here, the promoters of the High Speed Rail bond (the total cost will be $200billion to build) openly lied--and the media kept the lies a secret.
"As presented in 2008, fares were to run about $55 one-way between Los Angeles and San Francisco, designed to be competitive with airfares that now often hover just under $60, even though cheaper ones can occasionally be found.
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But the new plan calls for a one-way charge of $105, about 83 percent of the $125 the rail authority predicts airfares will run in 2035. That near-doubling of prospective fares would reduce expected ridership by almost one-third. In short, as much fun as high speed trains are to ride, they would probably never be affordable for vast numbers of Californians.
Meanwhile, no change is anticipated in the $647 million annual cost of repaying interest and principal on the bonds. That money that will be paid not just by riders and residents of areas the project might serve, but also by non-riders and residents of the vast portions of California who would have to travel as much as several hundred miles just to glimpse a high-speed train zip past."
The High Speed Rail will need billions in subsidies--from people who will never, and could never, use this government transportation system (running when the unions allow the trains to run)
Now you know why California will be in a Great Depression for another generation.
More...
There is no mistake here, the promoters of the High Speed Rail bond (the total cost will be $200billion to build) openly lied--and the media kept the lies a secret.
"As presented in 2008, fares were to run about $55 one-way between Los Angeles and San Francisco, designed to be competitive with airfares that now often hover just under $60, even though cheaper ones can occasionally be found.
Advertisement
But the new plan calls for a one-way charge of $105, about 83 percent of the $125 the rail authority predicts airfares will run in 2035. That near-doubling of prospective fares would reduce expected ridership by almost one-third. In short, as much fun as high speed trains are to ride, they would probably never be affordable for vast numbers of Californians.
Meanwhile, no change is anticipated in the $647 million annual cost of repaying interest and principal on the bonds. That money that will be paid not just by riders and residents of areas the project might serve, but also by non-riders and residents of the vast portions of California who would have to travel as much as several hundred miles just to glimpse a high-speed train zip past."
The High Speed Rail will need billions in subsidies--from people who will never, and could never, use this government transportation system (running when the unions allow the trains to run)
Now you know why California will be in a Great Depression for another generation.
More...