Study: XpressWest Train Likely to Fail, Costing Taxpayers Up to $6.5 Billion
Train is using outdated revenue and ridership estimates off by 70 percent to seek a federal loan that would dwarf Solyndra's XpressWest, the proposed high-speed rail line from Victorville to Las Vegas, is based on a series of overly optimistic, outdated market and ridership assumptions that make the project likely to fail, which would cost ... (more)
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#1 Aug 16, 2012
Anything coming from the so-called "Reason Foundation" is suspect. They are a right wing tool of the Koch Bros./Karl Rovers who have nothing but corporate interests in mind.
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