Dave,
While others may know more, here is what I've heard;
Raytheon built (overbuilt) their system and had a test track in
Massachusetts. It was said that they received $60 Million from Chicago's
Regional Transit Authority (RTA). They put a considerable amount of
their own funding into the project. When the figures came out, any
system would have cost ~$80 Million/mile. The RTA turned a thumbs-down
to that figure. In 1998 Dr. Anderson got all the rights to his patents
back and started organizing the effort for Taxi 2000.
Taxi 2000 started, I believe, around 1979. Since the patents went to
Raytheon, there wasn't much done with or through Taxi 2000 in the '90's.
In ~2000 Joe Lampe came onboard and organize the three phase project.
Phase 1 was to be an investment and growth in order to develop a full
sized vehicle and 60' of guideway. Phase II was designed by five
engineers to be a test and certification system. What they designed is
identical, except for vehicles and track, to the Modutram lay-out.
(Hmmm...) Phase III was to be an actual application. I've heard that the
current CEO Mike Lester is traveling a lot these days. Larry Fabian just
told me that.
Dick