A new report says California’s proposed high-speed railroad could cost state taxpayers more than three times the official $43 billion cost projection.
This $138 billion estimate comes from a trio of Bay Area analysts who have followed the project, which was conceived to carry residents from San Francisco to Los Angeles in about 2½ hours.
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A high-speed rail compromise designed to please Peninsula lawmakers and save billions of dollars has some backers of the project fearful the alignment will jeopardize the future of the swift-moving trains in San Francisco.
On Thursday, the California High-Speed Rail Authority will consider a proposal responding to concerns that an elevated railway would create barriers and lower property values within Peninsula communities.
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