Executive
Waste of the Day: U.S. DOT Spends $3 Billion On Private High-Speed Rail
The Transportation Department will spend three billion dollars toward building a private high-speed rail line between Las Vegas and SoCal.
Commuters may want high-speed rail but at what price? Apparently $3 billion. That’s what the U.S. Department of Transportation committed this month for Brightline West, a private intercity passenger railroad, to help build a $12 billion high-speed railway between Las Vegas and Southern California, the Washington Post reported.
Another $3 billion will go to California High-Speed Rail Authority to continue construction of a 500-mile train connecting Los Angeles and San Francisco.
The $3 billion for Brightline is “an almost unheard of infusion of federal money for a private project,” the Post reported. The trains would travel 218 miles Las Vegas and suburban Los Angeles at 186 mph by 2028.
The other three-quarters of the project’s cost would be covered by capital and tax-free debt known as private activity bonds to finance the rest. Company officials claim they needed the federal funding to begin construction.
Brightline West received a $25 million federal grant in June to pay for the design and construction of two stations in California.
Brightline, which is the only private intercity passenger railroad in the U.S., says it would take travelers along the median of the interstate between Las Vegas and Rancho Cucamonga in 2 hours and 10 minutes. Rail advocates say the train would remove about 3 million vehicles from the road, create 35,000 jobs and increase tourism between Nevada and California.
The rail company – which recently expanding it Florida service to Orlando – still hasn’t said how much they’ll charge customers to travel on their private trains. Its website states: “Ticket pricing will be determined closer to the start of operations but can be expected to be priced on par with the cost of gas and parking, but without the stress and extra time in traffic, fluctuating gas prices, and other things that can add time and money to your trip.”
Brightline is aiming its construction completion and opening to be in time for the 2028 Olympics in Los Angeles.
While that’s nice to have for the Olympic games, why should taxpayers give a private train company $3 billion of their dollars?
The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com.
This article was originally published by RealClearInvestigations and made available via RealClearWire.
Adam Andrzejewski (say: Angie-eff-ski) is the CEO/founder of OpenTheBooks.com. Before dedicating his life to public service, Adam co-founded HomePages Directories, a $20 million publishing company (1997-2007). His works have been featured on the BBC, Good Morning America, ABC World News Tonight, C-SPAN, The Wall Street Journal, The New York Times, USA Today, FOX News, CNN, National Public Radio (NPR), Forbes, Newsweek, and many other national media.
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The group's aggressive transparency and forensic auditing of government spending has led to the assembly of grand juries, indictments, and successful prosecutions; congressional briefings, hearings, and subpoenas; Government Accountability Office (GAO) audits; Congressional Research Service (CRS) reports; federal legislation; and much more.
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In 2022, Andrzejewski did 473 live television and radio interviews across broadcast, major cable platforms, and radio shows. Andrzejewski is the author of The Waste of the Day column at Real Clear Policy. The column is syndicated by Sinclair Broadcast Group, owners of nearly 200 ABC, NBC, CBS, and FOX affiliates across USA.
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