Drive through some streets in Hollywood and you’ll wonder when was the last time they repaired the potholes. Some of our freeways need resurfacing. And the governor just signed an “$8 billion bill to kick off high-speed rail construction“:
The centerpiece of SB 1029, however, is $6 billion to start building the first tracks in the Central Valley early next year. The remaining $2 billion will beef up transit while laying the groundwork for high-speed rail in the Bay Area and Southern California, including electrification of the existing Caltrain line between San Francisco and San Jose.
. . . .
Despite the governor’s enthusiasm, high-speed rail has become increasingly unpopular around the state, and polls show a majority of voters now oppose the plan largely because of its record costs and uncertain prospects for completion. Brown, who was silent publicly when the Legislature debated his bullet train plan two weeks ago, now needs Californians back on board but said Wednesday he wasn’t concerned by the polls.
Doesn’t seem he’s concerned about the cost either. “Bay Area Democrats,” we read further in the article, “unions and business leaders applauded Brown for improving a wobbling high-speed rail plan in the last year, helping to reduce the most recent cost estimates by $30 billion . . . ” Reduced cost estimates by $30 billion? Sounds like a huge chunk of change, but that lowers the “projected cost” to just $68 billion. And the state’s budget is $16 billion in the red.
And let’s not forget cost overruns endemic to big-government projects. Particularly in California.
FROM THE COMMENTS: EssEm reminds us that there are also “the maintenance and repair costs over the years…”