Cost of California high speed rail doubles.

Now it's $98.5 billion over 20 years

To put it in relative terms, O'Hare Airport expansion, once considered to be the nation's most expensive public works project comes in at $15 billion to $20 billion (depending on whom you believe).

Incredibly, though, its backers still say it can operate at a profit:

The amount is still far less than the cost of expanding airport and highway systems to accommodate the state's growing population, the California High-Speed Rail Authority said in the report. Even with conservative ridership and cost estimates, it said, the system will operate at a profit.

Oh, sure. That's why private investors are lining up to sink billions into this risky project.

Comments

Leave a comment
  • Dinny,

    Have you ever spent five minutes, let alone made eye-contact, with a High Speed Rail Advocate?

    Mother of God! They'd chase Michael Moore off a donut.

Leave a comment

  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Subscribe to The Barbershop

    Enter your email address:

    Delivered by FeedBurner

  • Dennis Byrne’s Facebook Fan Page

  • Like me on Facebook

  • google-site-verification: googlefdc32e3d5108044f.html
  • Meet The Blogger

    Dennis Byrne

    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

  • Our National Debt

  • Twitter

  • Categories

  • Tags

  • Recent Comments

  • Monthly Archives

  • /Users/dennisby/Desktop/trailer.mp4
  • Latest on ChicagoNow

  • Advertisement: