Posted inLocal News

New cost estimate for high-speed rail puts California bullet train $100 billion in the red

WHEN GOV. GAVIN Newsom unveiled his scaled down blueprint for the California bullet train four years ago, he proposed building a 171-mile starter segment in the Central Valley that would begin operating in 2030 and cost $22.8 billion. Today, the blueprint is fraying — costs now exceed future funding, an official estimate of future ridership […]