Article

2012-07-24 Economy

Bay Area faces new high-speed rail costs

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Posted by Fred 2012-07-24 00:00|| || Front Page|| [4 views ] Top

#1 Three words, San Franciscans - "Boston's Big Dig".

Posted by Raj 2012-07-24 00:53|| 2012-07-24 00:53|| Front Page Top

#2 I can hear it now...

"You mean we have to PAY for it?"

Posted by CrazyFool 2012-07-24 00:54|| 2012-07-24 00:54|| Front Page Top

#3 The Gods of San Andreas smile and nod their collective approval.

Posted by Besoeker 2012-07-24 04:16|| 2012-07-24 04:16|| Front Page Top

#4 Stupid idiots.

Posted by newc 2012-07-24 09:07|| 2012-07-24 09:07|| Front Page Top

#5 Ditto Besoeker.

I had the same thought, you put it more elegantly.

Posted by AlanC 2012-07-24 09:43|| 2012-07-24 09:43|| Front Page Top

#6 Even if all the money does come through and the tunnel gets dug, High-Speed Rail Authority boss Dan Richard says, the bullet train won't arrive in San Francisco until 2028

Another Social Security style Ponzi Scheme for the politicians to loot for other 'needs' before the delivery date.

Posted by Procopius2k 2012-07-24 10:05|| 2012-07-24 10:05|| Front Page Top

#7 A map showing both the Caltrans Station and Transbay terminal is here.

The tunnel would be about 1.3 miles. The current cost of $650M is probably low by a factor of 2 or 3 given the usual bells and whistles that will be added to concept as it stands now.

In the meantime, this area of SF is thought to be a hot redevelopment area with high rises, hotels, retail, residential, etc. planned. These would, in theory, generate in the vicinity of $40M in tax revenues annually. However, with the California fiscal situation as bad as it is, I don't see the redevelopment happening any time soon.

Posted by lord garth 2012-07-24 10:23|| 2012-07-24 10:23|| Front Page Top

#8 And a dumb design. If they're going to all that trouble, why not go to Market and link up with BART and Muni? Or buy Google buses to run a free shuttle between the three locations. Probably the cheapest and best solution.

Posted by Nimble Spemble 2012-07-24 12:38|| 2012-07-24 12:38|| Front Page Top

#9 What is that pic, Fee's Company?

You have not yet begun to find unaccounted, unexpected expenses. In fact, I have a box of doughnuts which says this is a farce to raise a bunch of taxes only to have the project cancelled in five years and the various levies stay put.

Posted by swksvolFF 2012-07-24 13:06|| 2012-07-24 13:06|| Front Page Top

#10

Posted by junkiron 2012-07-24 16:17|| 2012-07-24 16:17|| Front Page Top

#11 Is it just me, or is anyone else suddenly seeing the Roosevelt-era WPA = WORK PROGRESS ADMINISTRATION [revamped]???

Starting wid the Congresscritters proposed new National Urban Renewal programme ala 2020???

Given the anti-US Globalists/OWG'ers, + current + forecasted/anticipated state of the US-World Economy, I'm not sure iff this is good news or bad news - THE MIGHTY "MAYBE" STRIKES???

Posted by JosephMendiola 2012-07-24 19:55|| 2012-07-24 19:55|| Front Page Top

23:35 Thing From Snowy Mountain
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