Can someone please just shoot this project and put it out of our misery?
In a new business plan submitted to state legislators last week, the California High-Speed Rail Authority offered lower revenue projections than it had two years before, predicting that revenue will be “5 percent lower than originally projected by 2025 and 10 percent lower by 2040,” according to a report by Sacramento’s KCRA.com.
So, let’s see. Costs are higher than projected (pace the HSRA), the train won’t be as fast as projected, even Democrats are breaking with Governor Jerry Brown over the project, and now revenues, which are supposed to pay back the billions we’re borrowing for this thing, won’t meet initial projections.
RELATED: Past posts on Uncle Jerry’s high-speed choo-choo.