The CA High Speed Rail boondoggle is demanding more money for a slow-speed train that will go from nowhere to nowhere.
New cost figures issued in an update report from the California High-Speed Rail Authority show that the plan to build the 171-mile initial segment has shot up to a high of $35 billion, exceeding secured funding by $10 billion.
The cost of that partial system is now higher than the $33 billion estimate for the entire 500-mile Los Angeles to San Francisco system when voters approved a bond in 2008.
What’s worse, that full system cost is set at up to $128 billion in the update, leaving a total funding gap of more than $100 billion for politicians to ponder.
Assemblyman Jim Patterson talked to John & Ken today about how the CA High Speed Rail Authority has the balls to demand more from taxpayers while the state is broke as a joke.