DYSPEPSIA GENERATION

We have seen the future, and it sucks.

This Train Won’t Leave the Station

14th February 2019

Joel Kotkin looks at the California rail fail.

Governor Gavin Newsom has canceled the bulk of the state’s long-proposed high-speed line between Los Angeles and San Francisco, leaving only a tail of the once-grand project—a connection between the Central Valley’s Merced and Bakersfield, not exactly major metropolitan areas. “Let’s be real,” Newsom said in his first State of the State address. “The project, as currently planned, would cost too much and take too long. There’s been too little oversight and not enough transparency.” The project’s cost, originally pegged at $33 billion, ballooned over the last decade to an estimated $77 billion (or maybe as high as $98 billion), with little reason to assume that the cost inflation would end there.

This effectively puts an end to former governor Jerry Brown’s “legacy” project, the lone tangible accomplishment for a second gubernatorial stint that had been far better at raising taxes and imposing draconian legislation than building things. Brown wanted to build his beloved train in a state with some of the nation’s worst roads (despite its second-highest gas taxes), a deteriorating water-delivery system, and massive pension debt. With Brown finally in retirement, Newsom took the opportunity to free up billions of dollars that his Democratic allies would like to spend in other ways.

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