US EditionCalifornia high-speed rail project plans to downsize massive Fresno station
- California's High-Speed Rail Authority board approved new contracts for a downsized Fresno station on Thursday amid ongoing project delays and scrutiny.
- The project has faced nearly 20 years of delays and cost overruns, with estimates rising from $33 billion to $106 billion, prompting federal and state investigations.
- Currently, about $4 billion is available mostly from state funds, while less than 20% of funding comes federally, and board members warn that more financing is crucial to avoid further delays.
- Board member James Ghielmetti expressed significant concerns regarding the reliance on federal funds, emphasizing the need for contract backstops if those funds fail to materialize.
- With construction underway on 171 miles in the Central Valley, officials anticipate the project may require up to two more decades to complete and will depend on investment from the private sector to move forward.
8 Articles
8 Articles
The Free Press (Tampa)
Conservative Daily News17 Years Later, California High-Speed Rail Leaders Sound Alarm Over Project Funding
Leaders of California’s high-speed rail project are sounding the alarm on the project’s financial future after nearly 20 years of delays and billions of tax dollars spent, the Los Angeles Times first reported. After California’s High-Speed Rail Authority board members voted to approve new contracts for the Central Valley station and construction bids for a Fresno station […] 17 Years Later, California High-Speed Rail Leaders Sound Alarm Over Pro…
New CEO of California High-Speed Rail Project Hopes it Might be Finished by... 2045
California High-Speed Rail Authority California’s high-speed rail project is a lesson in the inefficiency of big government. The project was started nearly twenty years ago and they have not even started laying down tracks. One of the reasons it’s in the news right now is because it has gone way over budget and the people in charge are looking for alternate forms of funding. The current CEO, who came on board last summer, is now claiming that th…
‘Obviously in Trouble’: 17 Years Later, California High-Speed Rail Leaders Sound Alarm Over Project Funding
DAILY CALLER NEWS FOUNDATION—Leaders of California’s high-speed rail project are sounding the alarm on the project’s financial future after nearly 20 years of delays and billions of tax dollars spent, the Los Angeles Times first reported. After California’s High-Speed Rail Authority board members voted to approve new contracts for the Central Valley station and construction bids for a Fresno station on Thursday, several members raised concerns o…
‘Obviously In Trouble’: 17 Years Later, California High-Speed Rail Leaders Sound Alarm Over Project Funding
Leaders of California's high speed-rail project are sounding the alarm on the project's financial future after nearly 20 years of delays and billions of tax dollars spent.
A Scenic Tour of Red Tape: Tracking the Slowest High-Speed Train in the Country
On a recent Friday, Mark Wasser, an eminent-domain lawyer from Sacramento, embarked on a one-day road trip of more than 500 miles. It is one that he has taken often over the past decade. A tall and trim man in his 70s, dressed in jeans and a flannel shirt, Mr. Wasser folded himself into the driver’s seat of his car and aimed south. He drove toward dozens of California’s high-speed rail construction projects scattered across the vast farmland of …
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