A Boon to the Bullet Train?
California is voting in November on a $10 billion bond measure that would start the process of building a bullet train line (top speed: 220 MPH) in ...
California is voting in November on a $10 billion bond measure that would start the process of building a bullet train line (top speed: 220 MPH) in the state, the first of its kind in the country. Most observers have expressed skepticism that the proposal will pass. California has huge budget problems right now, so adding more debt sounds like a non-starter.
I'm having second thoughts about that analysis, however, since reading that Amtrak ridership hit record levels in May. Could high gas prices make this the perfect time for voters to approve a massive passenger rail experiment?
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