Tim Sheehan

High Speed Rail
10:56 am
Tue January 7, 2014

With Cap-And-Trade Money And Lawsuits, High Speed Rail At Critical Juncture In 2014

file photo
Credit California High Speed Rail Authority

California’s $68 billion high speed rail project ran into a rough stretch of track late last year, with judge ruling that the project has failed to comply with financing and environmental review requirements in 2008's voter-approved  Proposition 1A. While those rulings and a separate lawsuit about the sale of $8.6 billion in bonds, didn't stop work on the project, they did cast serious doubt about how the rail authority plans to move forward.

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