California High Speed Rail derailed indefinitely?

Well, there must be other ways to finance this thing than always just by borrowing money, no? Almost everybody all around the world believes that High Speed Rail is infrastructure that is worth investing in - but in the car-centric United States, do people (or maybe I should say “the politicians”) still only believe in the “drive-and-fly”-mentality?

Sayonara High Speed Rail?

In a pre-speech briefing with reporters, the Schwarzenegger administration said that Schwarzenegger’s bond proposal would essentially max out the state’s borrowing capacity for the next decade. So what about the idea of a ballot measure asking voters to approve bonds to build a high speed rail system through the Central Valley? After all, it was supposed to have been on the ballot already, but kept getting postponed. Administration officials said today that the high-speed rail project should be derailed… again, and perhaps indefinitely.

Quoted from Capital Notes- From KQED’s John Myers: State… of the State of the State

Posted in: California, High Speed Rail, USA | January 10, 2007 8:28 pm