Jan. 2018 “The estimated cost of building 119 miles of bullet train track in the Central Valley has jumped to $10.6 billion, an increase of $2.8 billion from the current budget and up from about $6 billion originally.“ And this is but one of the many miscalculations that killed the bullet train.
There are few things in government that have attracted more heated criticism than California’s bullet train and now it’s almost dead, like the rusting hulk on the left.
From the start the critics (and there were many on both sides of the isle) said the cost v. benefit was simply way out of whack. Even the State’s own statistical analysis concluded the train would never pencil out: Too few riders, ticket prices too high and it would be competing against established air travel that is a fraction of the cost and moves passengers in far less time than the train.
But, California has never been known for making smart moves and the bullet train was no exception. Over the last decade the bullet train has become a symbol of this state’s growing dysfunction. Hundreds of millilons of taxpayer dollars have been squandered on this fools errand and the money was given over to any number of special interests groups without even the first rail being laid. I cringe when I think of all the good uses that money could have gone too, but it’s too late now.
Newly elected Gov. Gavin Newsome is scrambling to figure out how to keep the 900 million plus dollars that the feds advanced us to help build this boondoggle. Trump is demanding the money back now that the project has been cancelled. But, Gov. Newsome hates Trump and he loves money, so naturally he doesn’t want to pony up. The Gov. is looking for some creative way to keep the money, like building a short stretch of track just out of spite. And that would be the exclamation point to end the bullet train saga. Not a very good reason to abuse the taxpayers money is it?