Title : The problem Scott Walker spared Wisconsin.
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The problem Scott Walker spared Wisconsin.
The L.A. Times reports:The estimated cost of building 119 miles of bullet train track in [California's] Central Valley has jumped to $10.6 billion, an increase of $2.8 billion from the current budget and up from about $6 billion originally.
The new calculation takes into account a number of intractable problems encountered by the state rail agency. It raises profoundly difficult questions about how the state will complete what is considered the nation’s largest infrastructure project with the existing funding sources....
The sobering news about the cost increases was long forewarned, though rail authority Chairman Dan Richard has consistently rejected those warnings. About a year ago, the Federal Railroad Administration issued a secret risk analysis that said costs were rising sharply and could hit $9.5 to $10 billion. When The Times disclosed the warning, Richard downplayed the analysis....
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