Calif. high-speed rail board adopts new business plan. Forgive us while we pause for a good laugh.
Revenue is expected to be 5 percent lower than originally projected by 2025 and 10 percent lower by 2040, but the authority says it still will be able to operate without taxpayer subsidies.
Only in Fantasyland California could you get a prediction like this. Notice no mention of the fact it will end up costing way more than $68 billion, which is yet more fantasy. If you think I’m crazy look at the $5 billion cost overruns on the new SF-Oakland Bay Bridge span.
