The New Age of Trains

5 November 2008 - 8:00am

Passenger rail is on the minds of voters and politicians more than ever. Some say the next train era is on its way.

"The high cost of energy, coupled with congestion on highways and at airports, is drawing travelers back to trains not only for commuting but also for travel between cities as much as 500 miles apart."

"Californians are considering selling billions of dollars worth of bonds to get going on an 800-mile system of bullet trains that could zip along at 200 miles per hour, linking San Francisco and San Diego and the cities in between."

"In the Midwest, transportation officials are pushing a plan to connect cities in nine states in a hub-and-spoke system centered in Chicago. The nine states included in the Midwest Regional Rail Initiative are: Ohio, Indiana, Michigan, Illinois, Wisconsin, Minnesota, Iowa, Missouri, Nebraska."

Source: San Francisco Chronicle, November 3, 2008
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.