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So, do you think they will approve the go ahead? Are they also allowing unsolicited bids, in hopes of landing private financing in the form of a DBFOM?
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Debunking NIMBY Math on California HSR
April 25, 2012 By Angie Schmitt Read More: http://streetsblog.net/2012/04/25/de...alifornia-hsr/ Quote:
SNCF fares for Paris-Avignon, which is exactly same distance as LA-SF. http://streetsblog.net/wp-content/up...sncf_fares.png |
Article on Huffpo about how the San Joaquin Valley contains several of the most polluted regions in the country. Do we really want more cars on the 5 and the 99?
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The real reason for the changes in estimates is easy to find if you read the auditors comments: bad estimates, over-estimation of private investment, etc.; more than one auditor has commented that there was no plan to audit, just invention and guesswork. That's why is has gone through two major revisions. |
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In any event, the LA to Bay drivers are going to be using ELECTRIC cars by the time that HSR is done (except for trucks, emergency vehicles and people going to the mountains, etc., who obviously wouldn't use HSR in the first place). |
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How do you feel about building the runway in the Bay at SFO? |
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"Cutting through the valley are the state's two main north-south highway corridors, the routes for nearly all long-distance tractor trailer rigs, the No. 2 source of particulate pollution in the valley." http://abcnews.go.com/US/wireStory/r...tland-15311690 Quote:
It is a bad idea to today commit our state's future to a petroleum-based transportation system because we really, really believe the unenforceable but feel-good promise that full electrification is just around the corner. Remember when everyone said we'd have flying cars? Sometimes the promises aren't kept, which is why it's a bad idea to gamble our future on them. |
Dont tell LAX they are expanding...they will shoot that argument down. They are renovating.
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But, to be fair, I assume there will be some need for expansion of terminals here and there. But, again, recall that LAX and SFO are overwhelmingly national and international airports, not intra-state focused. And Southwest has a TON of excess capacity at LAX most times of the day. |
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Southwest may have excess capacity at LAX; unfortunately the routes to and from the airport don't; neither do the parking lots. Basically, if there were HSR, they could limit LAX to interstate and international flights and that might help. But there's no other way to build ourselves out of the problem. |
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Electric is not even considered debatable. In 30 years it will be the overwhelming winner in small vehicles. Every serious investor (including the oil companies) agrees. Air is going to be oil based indefinitely, but like "LA to Bay traffic in family cars through the CV" is so small as to not show up in statistics. I'm not against HSR no matter what. I'm against it because it is a waste of money that could go to local transit, schools, social welfare, etc.; and because no one has put together a plan any auditor believes has any likelihood of being accurate. |
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It is until they have an electric vehicle that will cruise safely at highway speeds with the air conditioner running and it's possible to recharge the battery in 5 minutes. In 30 years, a lot of us will be dead. |
High-speed rail sets Valley route, gets $1 billion offer (Fresno Bee)
This availability-payment method of financing proposed for the maintenance yard is being used to finance the new state courthouse in Long Beach, CA.
High-speed rail sets Valley route, gets $1 billion offer By Tim Sheehan The Fresno Bee May. 04, 2012 "The California High-Speed Rail Authority took a key step toward developing its proposed passenger-train system Thursday, certifying environmental reports and formally approving the first portion of the line between Merced and Fresno. Skeptics remain even as the authority pushes forward on building as soon as this year. But Thursday, a new booster stepped forward -- Madera real-estate developer Ed McIntyre, who said that he and partners are ready to spend $1 billion developing a maintenance yard and more if the authority puts it on their property in Madera. McIntyre told the board before its vote that his group believes high-speed rail pencils out as a money-maker. In his group's case, he said, they're certain they can secure financing and recoup their investment through a lease-buy deal with the authority..." http://www.fresnobee.com/2012/05/03/...ley-route.html |
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SFO and LAX are expensive to park and the roads often crowded. But, again, LA to Bay flights are a very small portion of the total passenger traffic. In any event, taking HSR just shifts parking to downtown SF and Union Station, which are equally crowded and more expensive. |
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Of course, you have to laugh at the gratuitous comment that the private developer, who is about to land a huge contract, believes that HSR is going "to pencil out as a money-maker". Ask him if he'd buy their bonds or front them some loans? The Chinese and Japanese alread said no way without Federal guarantees. |
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This is immaterial for environmental purposes since so few passenger cars commute non-stop LA to Bay (HSR is not competing against minivans, SUV s, vans, trucks, anyone stopping in Yosemite, Sequoia, Santa Barbara, Big Sur, etc., who are going to drive in any event.). But it is material for cost purposes, since the predictions for the cost of solar and other renewables is MUCH lower than gasoline currently is. |
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This is different from taking an equity position in the tracks, trains, stations, or operations generally. He has no investment upside, just the payments from the services he provides. Possibly this is time and materials plus. But he could be a sort of an investor in this sense: if he does not obtain some level of up-front funding (or guarantees from the state) for his capital expenditures, he would become a creditor, which can be similar to an investor. This would be very foolish given the lack of upside, unless his expected profit margins were enormous (which they might be). |
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With availability payments, the private company builds and operates the asset for a very long time (usually 20-30 years) and the government agency provides a stream of payments over that system. This system has the advantage that the government agency doesn't have to pay for the entire upfront cost of infrastructure in one fiscal year and can instead spread the financing out over the life of the asset. Additionally, if the contract is well-written, periodic payments are made based on a certain level of performance being met. This encourages the concessionaire to build a better asset that will last for the life of the contract. Availability payments can also be advantageous when there is no direct income stream necessary for more traditional public-private partnership (i.e. tolls or other user-fees). A courthouse, public schools, and a maintenance yard all can't be tolled easily, if at all. There is a good paper, "Introduction to Public-Private Partnerships With Availability Payments," by Mike Parker if any of you are interested in reading about this financing method. Here is the link: http://www.transportation-finance.or...ments_0709.pdf |
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The short answer is that there are many ways to fund the service provider and keep him from having risk. But they always to reduce to being equivalent to absurdly high interest rates and profit margins. But this might be a better discussion after the terms are reviewed by the appropriate state audit committees. In any event, I have no reason to believe that this service provider wants to take any entrepreneurial risk, which is the main point that the Chines and Japanese investors made with HSR as well (payment in advance or guaranteed by the federal government). |
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VIDEO: Obama administration tells California it's time to vote on high-speed rail
Read More: http://blogs.sacbee.com/capitolalert...#storylink=cpy Quote:
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If you think there's any substantial difference between either party on monetary, fiscal and foreign policy, civil liberties, and willingness to make tough decisions you're either blinded by your partisanship or just blind to policies in general. Both parties use distractions such as social issues and scare tactics ("grandma won't get her SS check", "republicans hate women", "democrats want to abort every baby", etc) to try and create an illusion that there is any substantial difference between them. |
Folks, partisan politics and broad statements about political ideology belong in the Current Events subforum, not in Transportation threads like this one.
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Bullet train agency names new chief executive (LA Times)
Bullet train agency names new chief executive
"Jeff Morales, an executive with the contractor working on the project, will fill the position that has been vacant since January. Some cite possible conflict." By Ralph Vartabedian Los Angeles Times May 30, 2012 "The California High-Speed Rail Authority on Tuesday named Jeff Morales, an executive for a contractor working on the bullet train project, as its chief executive, filling a position that has been vacant since early January. Morales, a former Caltrans director, had been working on the project as an executive of Parsons Brinckerhoff, the project manager for the rail authority. The authority has come under increasingly tough criticism by the Legislature for its thin management, operating without a chief executive, a chief operating officer, a chief financial officer or a risk manager as it seeks to start a $6-billion segment of the rail system later this year..." http://www.latimes.com/news/local/la...,6750237.story |
Will someone please put this ghastly zombie out of its misery? Or is that the point by bringing on a for-hire "yes-man" and bureaucrat as the CEO?
Seriously, is this the best CEO for ANYTHING? |
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I think its time will just kill this project and give all the funds to NE which will show the country how to build a HSR network.
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110-125mph Feeder routes Keystone line - PA Empire / Hudson line - NY Knowledge Corridor - CT / MA / VT Downeaster / Coastal New England Corridor - MA / NH / ME Lackawanna line - NJ / PA / NY Lehigh line - NJ / PA Downstate line - DE Virginia Regional Network? - VA 140-180mph Shoreline NEC Long Island NEC route Newark NEC Bypass Center City Philly NEC Alignment Wilmington NEC Alignment Downtown Baltimore NEC Alignment NYP - GCT - Northern suburbs New NEC 180-220mph New England NEC (HSR only) |
Folks, this thread is specifically about California High Speed Rail. Please don't hijack the thread.
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I thought the whole Cali high speed rail project had already been cancelled...?
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I'll take that as a yes...
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This project is just encountering the usual NIMBYs and naysayers...
except as the single biggest infrastructure project in California it is encountering an exponentially high amount of them |
Okay, so when is construction starting? It is imperative that we get to a point of no return as quickly as possible, so at least the initial SF to LA stretch gets built. Once that happens people will realize how awesome it is and we'll have the other branches built.
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Some senators want dramatic shift in bullet train plan
June 27, 2012 By Lance Williams Read More: http://californiawatch.org/dailyrepo...ain-plan-16794 Quote:
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What's really going on here is that everyone (except a few people on this site) are agreed that the current HSR proposals are ridiculous. So now the vultures are gathering to help kill it of and grab as much of whatever money there actually is for their own areas.
The SF tunnel is more or less zero useful to the public; but it wouldn't surprise me if this is what the proponents of HSR had in mind all along, since they have always seemed to have a connection to SF real estate development. The LA expenditures are a very mixed bag; some look legit and some pure pork. The CV piece is utterly without use or benefit (except to create union jobs) and is obviously done to win votes for the other pieces. Never thought I would say it, but by comparison Jerry Brown's proposals are almost rational. Sorry if I've offended anyone but what else can you say? |
There is something else to say...
I'd say that too many people in this country are uninformed of the benefits of HSR for any serious proposal to get enough support to move forward.
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