Houston-Dallas could get $10 billion bullet train

Discussion in 'News / Current Events' started by freeatlast, May 11, 2012.

  1. freeatlast

    freeatlast
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  2. Robert Snow

    Robert Snow
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    Good! If there is anything Houston needs it's better public transportation.
     
  3. Don

    Don
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    Free - what debt are you referring to?

    Now Hawaii, on the other hand, is looking to the federal government to help subsidize their own rail project, and has even basically started on the project with the optimistic approach that the Feds will some day actually make good on their promise....
     
  4. freeatlast

    freeatlast
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    10 billion dollars to build it. That is debt because no business man is going to put that kind of money into a project unless there is some guarantee that he is going to get it back and soon.
    Houston’s Rep. Shelia Jackson Lee has rallied for support for high-speed rail and sought $15 million from the U.S. Department of Transportation to fund a route between Houston and Dallas
     
    #4 freeatlast, May 11, 2012
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  5. Don

    Don
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    Totally agree with you on the part about Ms. Lee seeking federal funding to help subsidize it; as I mentioned, that's not working out well for Hawaii.

    As for the debt to private investors -- first thing I thought of when I read that was, "how much are they going to charge people to ride on the thing?"

    St. Louis, for example, has a Metro; it's cheap public transportation, but it's not free. I see no way they're going to build this thing in Houston and then let people ride for free. Anyone who thinks otherwise is drinking the Obama kool-aid big time.
     
  6. LadyEagle

    LadyEagle
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    Free? More fed loan guarantees like Solyndra? That worked out well for we, the taxpayer. Sheesh!
     

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