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California&;#039;s High-Speed Rail Needs Another $100 Billion. That&;#039;s a Great Reason Not To Build It.
When Californians were first pitched‚ in 2008‚ on the idea of a high-speed rail line connecting San Francisco and Los Angeles‚ the price tag was an estimated $33 billion—and about 75 percent of those costs would come from federal taxpayers or private sources‚ the Los Angeles Times editorial board assured its readers at the time.
On Tuesday‚ the project's CEO told state lawmakers in Sacramento that another $100 billion—yes‚ in addition to what state and...
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