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By law, California high speed rail may be doomed to fail

By |2018-12-04T17:13:06-05:00December 4th, 2018|Economy|

By Ronald Stein It has been 10 years since passage of California Proposition 1A the High-Speed Rail Act that approved the $9.95 billion bond, a down payment on a high-speed rail project that was optimistically estimated by proponents at that time to cost $40 billion. Today, the California high-speed rail cost may approach $100 billion. Public enthusiasm is obviously dwindling.

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