Ca High Speed Rail Collapsing Under Strain Of CorruptionSubmitted by emalvini on Wed, 05/08/2013 - 23:01
Ca High Speed Rail Collapsing Under Strain Of Corruption
by BEN SHAPIRO 1 May 2013
California Gov. Jerry Brown’s magical bullet train may not come to fruition after all. According to reports on Tuesday, Brown’s $100 billion vanity project may meet its demise at the hands of the federal government. So far, the California High-Speed Rail Authority has drawn no interest from private funders, who cannot be assured of profit from the enterprise.
Problems bedevil the white elephant project. The High-Speed Rail Authority needs to buy land in order to build the railroad, but it has received no contractual authority to build from the Burlington Northern Santa Fe Railway Company, which owns a freight line that occupies the space for the new bullet train. Federal grants are contingent on the project having contracts that guarantee the possibility of building. At the same time, the feds are trying to assert authority over the project via the Surface Transportation Board.