High speed rail in the United States continues to go nowhere fast… Europe, China, and Japan are laced with rail lines on which sleek bullet trains carry passengers at upwards of 200 miles an hour or even faster, not only taking pressure off congested regional air corridors and roadways, but also moving riders center city to center city (no extra time consuming road travel from airports in taxis, cars or buses).  Estimated costs for California’s proposed $100 billion LA to San Francisco line now meet the hard cold reality of lack of available funding. Gov. Jerry Brown cannot find the money in state coffers while the federal government won’t muster much more than positive lip service from the Department of Transportation. Other proposals for a national system outlined early in the Obama administration have disappeared off the radar screen. The budget conscious Congress just will not support much more than maintenance infrastructure spending even though U.S. transportation systems—built 50 to 100 years ago–fall further behind the rest of the developed world. At the same time, most state and local governments may have the wherewithal to patch the potholes in roads from this wickedly freezing winter, but not much more.

 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.