If the project doesn't get much further, historians of the future will wonder why we spent billions connecting Fresno (pop 500,000) with Bakersfield (pop 400,000) (Chronicle photo) |
The middle-of-the-road estimate is $77 billion, according to the draft report, which will now undergo public comment and legislative scrutiny....We derided the project when we first heard about it in 2012. By 2013 and 2015 it had gotten more delayed and more expensive. IMHO, the new estimates are optimistic.
The bullet train’s most recent cost estimate was $64 billion, which was already double the original $32 billion price tag that was pitched to state voters when they authorized bond money for the project nearly a decade ago. The rail authority said it hopes to finish the full line by 2033, a delay from the most recent estimate of 2029.
I'd bet money on this: we will put a human being on Mars before anyone travels from LA to SF on high-speed rail.
BTW, here's another great moment in public transportation: At long last, Wi-Fi coming to BART, Caltrain — in 3 to 4 years. By comparison JetBlue began offering WiFi on its flights in 2013.
The leaders of tomorrow, i.e., millennials, prefer socialism to capitalism, so we'd better get used to stories like these.
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