High-Speed Rail Part 9: Conclusions

The Antiplanner is an unabashed rail nut. My office walls are filled with pictures of trains and rail memorabilia. I’ve traveled at least a quarter of a million miles on Amtrak and Canada’s VIA. When I’ve visited Europe, Australia, and New Zealand, my preferred method of local travel has always been by train. I helped restore the nation’s second-most powerful operating steam locomotive, and my living room has the beginnings of a model railroad.

There is no doubt that, if high-speed rail worked, I would be the first to support it. But my definition of “works” is somewhat different from that of rail advocates, one of whom once told me that he considered a rail transit project successful if it allowed just one person to get to work a little faster — no matter how much it cost everyone else.

For me, “works” means that a project is cost-effective at achieving worthwhile objectives. “Cost-effective” means that no other projects could accomplish the same objectives at a lower cost. “Worthwhile objectives” might include reducing traffic congestion, air pollution, or energy consumption. Though high-speed rail advocates are gleeful about the prospect, I don’t consider shutting down competing air service to be a worthwhile objective.

This series of posts on high-speed rail has revealed at least twelve important facts.

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Reason Foundation on High-Speed Rail

The Reason Foundation just published its analysis of California’s high-speed rail plan. The full study is also accompanied by a series of policy briefs on the effects of high-speed rail on congestion, greenhouse gases, and California finances.

“The current high-speed rail plan is a fairy tale,” says Adrian Moore, Ph.D., Reason’s vice president of research. “The proposal suggests these high-speed trains will be the fastest ever; the most-ridden ever; the cheapest ever; and will convince millions of Californians they no longer need to drive or fly. Offering up a best-case scenario is one thing, but actually depending on all of these miracles to happen simultaneously is irresponsible public policy.” Moore also has an op ed on the subject in today’s Orange County Register.

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High-Speed Rail Part 8: Alternatives to California’s HSR

The 2005 environmental impact statement for California’s high-speed rail includes two alternatives to building rail: a no-action alternative and a “highway-air” alternative that proposes major expansions of both freeways and airports in the rail corridor. The highway component alone of this alternative was projected to cost twice as much as high-speed rail, allowing rail proponents to claim that rail is cheaper than roads (page 4-1).

But this alternative was a “straw man” designed to make high-speed rail look good. One reason for the high cost is that the alternative proposed to expand every freeway along the rail route, even highways that are not expected to be congested in the rail project’s time horizon. For example, the alternative adds one-third more capacity to freeways in the Central Valley that are expected to operate at only 92 percent of capacity in the no-action alternative (page 3.1-12).

On top of that, the highway-air alternative is more than five times as effective at relieving congestion than the rail project. Where high-speed rail is expected to take 3.8 percent of cars off the road, the highway-air alternative reduces congestion by more than 20 percent (page 3.1-12). This suggests that an alternative that costs only one-fifth as much as the highway-air alternative, or about half as much as the rail alternative, would be more comparable to rail.

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Paulson: Housing Is the Root of the Problem

“I’ve consistently said that when we looked at our financial institutions,” Secretary of the Treasury Henry Paulson said Monday, “the root of the problem lies in this housing correction.” Housing prices went up — and banks and other financial institutions invested in mortgages. Housing prices went down — and banks and other financial institutions failed.

Why did housing prices go up? Because of supply constraints. We know that home builders can meet almost any demand if there are no constraints on land. We know that because, as the latest home price indices reveal, the fastest growing metropolitan areas in America — places like Dallas and Houston — did not suffer from housing bubbles and are not now suffering any serious correction.

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High-Speed Rail Part 7: The Benefits of California HSR

The costs are exorbitant and rising. The risks are staggering. And the benefits? Even if you believe the Authority’s optimistic assumptions, you pretty much need a magnifying glass to see them.

What are the benefits claimed for the rail network? Less traffic congestion, less energy consumption, less air pollution and greenhouse gas emissions, economic development, and, of course, saving people’s time.

Congestion: With or without rail, the EIS predicts that highway congestion will be far worse in 2020 than it is today. With rail, highways parallel to the rail lines will have an average of 3.8 percent less traffic than if rail is not built (p. 3.1-12). Rail will do most on the L.A. to San Diego route (which will probably be one of the last segments to be built), taking 7.9 percent of cars off the road. It will remove 6.6 percent of cars on the Bay Area-to-Central Valley portion. Elsewhere the relief will be less than 3.5 percent.

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Scott Adams: Economists Prefer Obama

Scott Adams, the creator of Dilbert, wanted to know which presidential candidates’ economic plan had the support of economists. Adams describes himself as socially liberal and fiscally conservative, and he believes economists have a worthwhile point of view if you ask them the right questions.

A medical doctor, he points out, can’t tell you whether you are going to die of a heart attack, cancer, or an auto accident. “But if a doctor tells you to eat less and exercise more, that’s good advice even if you later get hit by a bus.” In the same way, economists can’t predict where the economy will be a year from now, but they can give good advice on economic policies such as free trade.

Since no one else was asking economists for their opinions, Adams commissioned a survey of members of the American Economic Association. He reported a summary of his results to CNN. The detailed results are available in a PowerPoint file. You can read his press release about it on his blog.

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High-Speed Rail Part 6: The Risks of California HSR

Yesterday’s post on the costs of California high-speed rail discussed the likelihood that this megaproject will cost more than projected and the likelihood that taxpayers who pay for construction will have to pay again to rebuild the system every thirty or so years. Such costs are not so much a risk as a certainty. But there are many other risks involved with high-speed rail, some of which could unexpectedly drive up construction costs even more, and others affecting operations.

Some of these risks were identified in the senate oversight report on high-speed rail, including right-of-way, safety, and ridership risks. One important rish that was not brought out by the senate report is the risk that competing technologies will render high-speed rail obsolete.

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A Light-Rail Interlude

The Antiplanner had an op ed in Sunday’s Kansas City Star. And the Antiplanner’s faithful friend, John They then drafted an proof report with peer review pharma-bi.com viagra order uk from a panel of 25 reviewers, which includes researchers and clinicians in chiropractic. Convenience – Referring to the above, it offers a convenience that students will enjoy learning it any place of their own sildenafil 25mg choice. These benefits are many and include:- levitra professional online Access to prescription refills. Fantasy capsules are effective, sildenafil generic canada safe and cost-effective alternative to medications and surgery. Charles, has a scathing article on the so-called success of transit-oriented development along Portland’s westside light-rail line.

High-Speed Rail Part 5: The Cost of California HSR

The California High-Speed Rail Authority wants to build an 800-mile rail network between Sacramento, San Francisco, Los Angeles, Anaheim, and (via Riverside) San Diego. Electrically-powered trains would travel over this network at speeds up to 220 miles per hour, allowing people to get from downtown San Francisco to downtown L.A. in about 2-1/2 hours.

It isn’t clear to me why any self-respecting San Franciscan would want to get to downtown L.A. in 2-1/2 hours, though I can imagine why they would want to quickly return. I suppose the Northern-Southern California cultural divide works both ways. But the four big questions are: How much will it cost? What kind of risks are involved? What are the likely benefits? And what are the alternatives? Today’s post will focus on cost.

By any measure, California high-speed rail will be a megaproject, the most expensive public-works project ever planned by a single U.S. state. Exactly how much it will cost is still uncertain — estimates published in various places have varied over a wide range. Just as uncertain is who is going to pay that cost. What is certain is that the $9.95 billion in bonds (of which $9 billion is for high-speed rail and $0.95 billion is for connecting transit improvements) that California voters will decide upon this November will be little more than a down payment.

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Condos by the Train Tracks

(Note: The Antiplanner’s review of high-speed rail will continue next week.)

The California legislature has approved a bill aimed at reducing greenhouse gas emissions through smart-growth planning. SB 375 requires that all metropolitan planning organizations in California develop plans to meet state targets for reducing auto-related greenhouse gas emissions. The bill also encourages planners to meet those targets through high-density development, improving the jobs-housing balance, and all the other usual smart-growth programs.

SB 375 has been described as the biggest California land-use bill in 30 years. It has also been called the “condos by the train tracks” bill. Legislators in other states are no doubt already drafting similar bills.

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