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Old 07-08-2012, 10:23 PM   #41
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The Hoover Dam and the Interstate Highway System were expensive things left to children and grandchildren. INVESTMENT is not the same as Spending.
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Old 07-08-2012, 10:37 PM   #42
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Originally Posted by urn2bfree View Post
The Hoover Dam and the Interstate Highway System were expensive things left to children and grandchildren. INVESTMENT is not the same as Spending.
No, but the HSR system is a gamble, not an investment. It might pay off, but most of the numbers don't back it up. And CA is pretty broke already.

Reason Foundation - California High-Speed Rail Findings at a Glance

http://www.cc-hsr.org/assets/pdf/NFOS.pdf

And even the supporters recognize it as a gamble.

California bullet train is worthy gamble - Los Angeles Times

There's no way I would buy these bonds. And I'm definitely in the market for a good bond.
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Old 07-09-2012, 11:43 AM   #43
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I don't care for Governor Skeletor (otherwise known as Rick Scott, FL) but he made a brilliant decision not to get involved in high speed rail.
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Old 07-09-2012, 05:27 PM   #44
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I don't care for Governor Skeletor (otherwise known as Rick Scott, FL) but he made a brilliant decision not to get involved in high speed rail.
Buckeye, that is what got me started on this thread in the first place. Back then I was thinking "wouldn't it be cool to have a high speed rail between Tampa and Orlando". That was just for starters. Then add Miami. Everyone thought this was great but Gov. Scott and his team analyzed all this and determined that Florida could not afford all the cost overruns, maintenance, etc. Just couldn't produce the ridership. He gave the money back to Washington. I think he was right. Now there is a group of private investors looking at building a high speed rail line from Tampa to Orlando within the medium of I-4. Good luck.
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Old 07-09-2012, 05:36 PM   #45
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Buckeye, that is what got me started on this thread in the first place. Back then I was thinking "wouldn't it be cool to have a high speed rail between Tampa and Orlando". That was just for starters. Then add Miami. Everyone thought this was great but Gov. Scott and his team analyzed all this and determined that Florida could not afford all the cost overruns, maintenance, etc. Just couldn't produce the ridership. He gave the money back to Washington. I think he was right. Now there is a group of private investors looking at building a high speed rail line from Tampa to Orlando within the medium of I-4. Good luck.
Whatever they estimate the cost to be, add a zero and that's going to be a more accurate estimate. If they say $4 billion, figure on $40 billion. Probably need to add a zero to the schedule too!
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Old 07-09-2012, 05:39 PM   #46
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Buckeye, that is what got me started on this thread in the first place. Back then I was thinking "wouldn't it be cool to have a high speed rail between Tampa and Orlando". That was just for starters. Then add Miami. Everyone thought this was great but Gov. Scott and his team analyzed all this and determined that Florida could not afford all the cost overruns, maintenance, etc. Just couldn't produce the ridership. He gave the money back to Washington. I think he was right. Now there is a group of private investors looking at building a high speed rail line from Tampa to Orlando within the medium of I-4. Good luck.
Good for them, but I can't imagine how it makes financial sense. It will be interesting to see if they get it off the ground. From my front door to DisneyWorld!
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