Today, I have a quick update on the California Bullet Train. For those of you who don't know, this is train that will be built between San Francisco and Los Angeles. The project has been underway since 2008, and we issued $10 billion in bonds to pay for it, but no trains or train tracks have actually been built.
This is because it will cost anywhere from $40 to $80 billion to build.
The latest news is that the project has been delayed for two years. They were all set to release the construction planning documents last December, but now the documents won't be seen until 2012. Actual construction of the train will probably be a few years later, because there's no way that the state won't be sued by protestors over the proposed plans.
For us, this means we have to wait until we learn the answer to important questions like "Where will the train stops be?" and "Will it be underground or overground?". You'd think they would have this figured out by now, seeing as the project started in November 2008, but no.
Meanwhile, the train system in Northern California (Caltrain) is $30 million in debt, so they are going to close half of their stations.