Sacramento High-speed Rail Station - conceptual illustrations 2008 |
Yesterday Governor Gavin Nuwsom pulled the plug on California’s
High-Speed Rail but the Central Valley segment from Bakersfield to Merced (110
miles) would be completed. Thus far, California has spent $5.4 billion on what
is considered the easy stretch of the CA train. In 2008 we were also told that private
money would come beating down the door once the project got underway, but you
can imagine that the current expectation of private investment in the train is
now nothing more than a pipe dream.
We can mark this failed project as Never Built, Merced to
Bakersfield is more of a monument to mismanagement and foolish ideas.A little history, the California High-Speed Rail Authority (CHSRA) in 1996 was established to begin formal planning in preparation for a ballot measure in 1998 or 2000. In 2008 voters approved a $10 billion bond to begin funding the project with construction beginning in 2016. Since 2008 the project has been plagued by delays and cost overruns. The cost to build phase one from San Francisco to Los Angeles has exploded from what we were told it cost in 2008 of about $39 billion, in 2012 it went up to $68 billion and to the most current projection is estimated at $100 billion.
The biggest scam in this project was how it was marketed and
sold to the voters with no realistic funding source for the remainder of the
project beyond Bakersfield to Merced. It was also a bait and switch teasing
both Sacramento and San Diego with future extensions just to obtain votes. What
we have now is billions of dollars wasted that could have been used
productively elsewhere.