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Re:California will not complete $77B high-speed rail project... by jessriedel on Tuesday February 12, 2019 @06:40PM (#19148864)
Not $3.5B of it. It sounds like the governor really would like to light it on fire rather than give it back:

> “Abandoning high-speed rail entirely means we will have wasted billions of dollars with nothing but broken promises and lawsuits to show for it,” he said. “And by the way, I am not interested in sending $3.5 billion in federal funding that was allocated to this project back to Donald Trump.”

Re:California will not complete $77B high-speed rail project... by masonic on Wednesday February 13, 2019 @05:45AM (#19152056)
If you'll end up with a product that can't get sufficient fare return to cover all operating costs (let alone debt service), you're better off shutting it down in place, like Brazil's Transnordestina.
Re:California will not complete $77B high-speed rail project... by dredmorbius on Thursday February 14, 2019 @09:13AM (#19161955)
Untrue.

Transportation systems rarely deliver the bulk of their benefits to direct users. The indirect effects of increased activity, commerce, industry, trade, opportunities, etc., accrue to the entire region, and not just the users of the system.

This is why, historically, transit projects have tended to be heavily funded by indirect beneficiaries. In cities: merchants and employers, both of whom benefit by increased customer and worker populations.

The case of Denver, Colorado shows the impacts improved transport can have on an otherwise remote city. Prior to the construction a connecting line to the Transcontinental Railroad, the city had fewer than 5,000 residents. A decade later, that rose to over 35,000. Mind, at the time, this was the best, cheapest, and fastest transport option available, but improved mobility can have tremendous impacts on growth and activity patterns.

https://www.uncovercolorado.com/historic-colorado-railroad-d...

Similarly, automobile drivers pay only a relatively small fraction of the direct costs of highway transport, with much else provided through general funds, property taxes (for state/local construction), income, and fuel taxes (the latter at least an indirect contribution).

Imposing a 100% farebox recovery obligation is highly flawed policy.

Re:California will not complete $77B high-speed rail project... by jessriedel on Wednesday February 13, 2019 @06:38AM (#19152288)
I don't think New York City's MTA even covers its operating costs out of revenue.