Off the Rails: Price of CA High Speed Rail Soars to Over $230B

Nothing about California's high speed rail is moving fast, except the price. Just a few weeks ago, the estimated price of the long-delayed project was said to be $126 billion. This figure wasn't hidden in a spreadsheet somewhere, it was stated on a national news program. This week, we're hearing a new number and it's more than a $100 billion higher.California’s long-delayed high-speed rail project is now facing renewed scrutiny after state leaders revealed a dramatically higher price tag, now estimated at roughly $231 billion, nearly seven times the original $33 billion projection approved by voters in 2008.The revised figures...