Wednesday, June 08, 2011

State Treasurer on high-speed rail: "So far we don't have a plan that makes any sense"

State Treasurer Bill Lockyer

See State Treasurer Bill Lockyer saying that he can't sell the high-speed rail bonds, because investors don't think the CHSR Authority has a credible business plan.

But Mayor Lee doesn't think we need a sensible business plan. Just keep the money coming: "California's project has received the largest slice of federal high-speed rail funds to date---$3.6 billion out of $10.2 billion."

It's a little surprising that these mayors don't have anyone on their staffs to tell them how dumb this editorial makes them sound.

A critical analysis of the mayors' op-ed at High-Speed Train Talk.

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