The court wants the state's voters to decide the bullet-trainproposal. Developers and landowners are monitoring the issueclosely because hundreds of acres of rights-of-way land would beneeded to build the $100 million system.
If approved by voters, the state would be compelled to breakground on the project by November 2003. Legislators would selectthe five largest urban areas comprising the bullet train route.Lawmakers would also decide the train mode--monorail, fixed rail ormagnetic levitation.
C.C. Dockery, a retired Lakeland, FL businessman, paid for thepetition drive that collected 500,000 signatures to get the bullettrain issue on the ballot. Opponents argue conventional roadprojects would suffer budget cuts and trigger tax increases if thehigh-speed venture were built.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
