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One significant downside is the way the bonds and ballot measures work. In CA, we're asked to approve a few billion for the project in each election. Failure to
by everdev 9y ago
One significant downside is the way the bonds and ballot measures work. In CA, we're asked to approve a few billion for the project in each election. Failure to pass means sunk costs or higher costs in the future to re-start efforts.
If the state asked upfront for $2B/year for 15 years, I doubt it would have passed.
- DrScump 9y agohttps://en.wikipedia.org/wiki/Boiling_frog https://en.wikipedia.org/wiki/Boiling_frog
- dragonwriter 9y ago> One significant downside is the way the bonds and ballot measures work. In CA, we're asked to approve a few billion for the project in each election. No, it was all Prop 1A in 2008 for ~$10 billion. Voters have not been asked for additional CA HSR bond funds since. Presumably, given the level of other funding that has been secured, additional bonds will at some point be necessary, but the “every election” thing is not even remotely related to reality.
- djrogers 9y ago$10B will likely end up being 10% of the total cost. Not to mention all of the Prop 1A mandates that the state has already violated, such as the requirement for private partnership, and ridiculous ridership estimates...