Friday, February 12, 2016

Yesterday's high-speed rail hearing

“They’re building a first section called the IOS[initial operating segment] South from Merced to Burbank, and they don’t have the money to build it,” Flashman said, pointing to the authority’s $31 billion estimate for that part of the system. “They’re nowhere close. How can you say it’s financially viable when you can’t even build it?…If you can’t build it, it obviously can’t operate at a profit.”

Judge Michael Kenny

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