This is the train that was supposed to link L.A. to San Francisco but now will neither start nor end at either of those destinations.

Unleash Prosperity’s resident demographer and transportation expert Wendell Cox has written the definitive paper on this debacle that will now cost at least three times original projections:

But those official estimates are still far too low.  Cox finds: If cost escalation continues for the system extensions to Los Angeles and San Francisco, the eventual cost could reach over $350 billion, double the present projection.

Fox Business has a write up of the study here:

And the full paper is available on our site: