I've written in opposition to this passenger rail project because it cannot be self-sufficient.
Now comes a new study from the CATO Institute that demonstrates just what a bad deal such projects are - for everyone!
Over the past four decades, American cities have spent close to $100 billion constructing rail transit systems, and many billions more operating those systems. The agencies that spend taxpayer dollars building these lines almost invariably call them successful even when they go an average of 40% over budget and, in many cases, carry an insignificant number of riders. In a new study, Cato scholar Randal O'Toole uses the latest government data on scores of rail transit systems to evaluate the systems' value and usefulness to the public.
- Defining Success: The Case against Rail Transit, by Randal O'Toole