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Train is using outdated revenue and ridership estimates off by 70 percent to seek a federal loan that would dwarf Solyndra's XpressWest, the proposed high-speed rail line from Victorville to Las Vegas, is based on a series of overly optimistic, outdated market and ridership assumptions that make the project likely to fail, which would cost ...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)

[Jordan DeStaebler]

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.