The California High-Speed Rail Authority says it will release its latest cost estimates today, which most expect will be much higher than previous estimates. “It’s going to be bumpy,” the rail authority’s new CEO, Brian Kelly, promises reassuringly.
Meanwhile, up north, the state of Washington is planning its own high-speed money pit, including a leg from Seattle to Spokane. A lobby group has already formed to agitate for such a project, based on the slogan “You deserve slower.” Oops, the slogan they are using is “you deserve faster,” but since the fastest high-speed trains are slower than flying, they will actually be slower. The Antiplanner wonders how many contractors and unions are a part of this coalition.
An initial study projected that the Seattle-Spokane route would cost $25 billion to $50 billion. The study predicts that fares will cover operating costs by 2055, but it fails to account for driverless cars, increased airline efficiencies, and other technical changes. The truth is that it would probably cost less to just give everyone a free airline ticket. Continue reading