There is plenty of documentation on the fiction of the ridership forecasts, but the latest High Cost Rail PR effort around budget plans made me smile. The headline of the SM County Times article reads "High-speed rail authority to devise back-up funding plans", but I have to ask how they can devise a back-up plan when they don't have the first plan settled yet? Just saying that they will find billions in private investment doesn't come close to making it so.
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Here's an article I pulled from SFGate from Anna Eshoo:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/06/02/EDP11DO3HI.DTL&type=newsbayarea
Posted by: JF | June 02, 2010 at 07:46 AM