CNN reports that the cost of California high-speed rail has tripled, and it correctly points out that federal taxpayers will be expected to pay for most of it. While this is a somewhat belated report, it is nice to see this boondoggle get the attention it deserves.
CNN gets some numbers wrong; as the Antiplanner has previously noted, the original $34 billion cost was adjusted for inflation while the current $98 to $108 billion projection is not, so the cost estimate has really doubled, not tripled. But the basic point is correct. This project really made no sense at $34 billion. It certainly makes no sense at the much-higher current projected cost, whatever that is.