We took a week and a half off from High Cost Rail, but a piece from John Horgan ends the hiatus. He writes:
This month, Liam Julian, a fellow at the Hoover Institution, produced a lengthy and devastating critique of the many questionable assumptions involved in the plans for high-speed rail nationally and, in particular, Florida and California.
The Hoover link is here and the report notes that
A September 2008 report from the Reason Foundation concluded that California’s ridership projections at the time were “absurdly high — so much so that they could well rank among the most unrealistic projections produced for a major transport project anywhere in the world.” The report continued: “Under a passenger-mile per route-mile standard, the chsra [High Speed Rail Authority] is projecting higher passenger use of the California system than is found on the Japanese and French hsr [high-speed rail] networks despite the fact that these countries have conditions that are far more favorable to the use of hsr.”
That gets us back to the cost to the taxpayers and Liam notes
The designers of Florida’s and California’s proposed high-speed rail routes say that ticket sales will pay for their respective system’s operating costs. No doubt those who are planning lines in other American corridors will say the same. The claims are surpassingly dubious. Only two dedicated high-speed railways in the world — one connecting Tokyo and Osaka, and the other between Paris and Lyon — have ever broken even on their initial and ongoing expenditures. And many European high-speed rail systems that are deemed cost-effective actually receive lots of extra help.
Having talked to dozens of people at Art in the Park about High Cost Rail, I heard that concern start to come to the fore.
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