Lee:
You could be right. Looking for private investors for the first try at
building the Oakland/BART connector didn't attract the private money.
Another big problem is the cost estimates are looking more and more like the
Big Dig, and we don't have a Tip O'Neill out here. Putting HSR through
Fresno at first looked like about $700m deal. Now it's looking more like $2b
and still rising. The first estimates for the total system were about $25b.
Now about $45b. Wendell Cox says more like $80b. Wendell has a better track
record. (pun intended).
The LA/Vegas system (HSR or steel wheel) just grates on me. It's a subsidy
for the gambling industry. The gambling industry isn't a great contribution
to the overall well being or economics of the country. It's even less than a
zero sum game.
On a tangential item - One of the problems we face is the very the long
planning periods for transportation projects especially the large ones. The
HSR has been in the works for about 15 years. If you had been working for 15
years to develop a project and someone came along and said, "Hey you've got
it all wrong. I've got a better idea" what would you do?
Dennis
----- Original Message -----
From: "Lee S. Walker" <
b4p...@yahoo.com>
To: "transport-innovators" <
transport-...@googlegroups.com>
Sent: Saturday, July 04, 2009 7:59 PM
Subject: [t-i] Re: Fw: Yahoo! News Story - Calif. bullet train hits
criticism on SF Peninsula - Yahoo! News
>