The futuristic transportation idea known as the Hyperloop is starting to look real. CNN Money caught up with the leaders of one of the companies working to make the dream of super-fast, efficient intercity travel a reality.
Laurie Segall reports on the progress underway in developing the Hyperloop—that infamous idea first shared by Elon Musk and then open sourced for development.
Hyperloop Technologies, as one of two companies developing the idea, has begun work on a Hyperloop test track, which can be seen in the video below.
With the test track, Hyperloop Technologies is seeking a "Kitty Hawk Moment." Their goal is to complete the test track and hit 700 miles per hour by the end of 2016. Perhaps even more boldly, Lloyd promises Segall seat 1A on the Hyperloop in the year 2021, maybe even 2020.
"When we think of moving at these speeds, and this kind of transformational technologies, [it] is a big idea," says Rob Lloyd, CEO of Hyperloop Technoligies.
Shervin Pishevar, co-founder of Hyperloop Technologies is also on hand talking about other potential benefits of the Hyperloop technology. He says the top 15 cargo ships in the world pollute more than all the cars in the world combined, so the Hyperloop could have benefits far beyond personal transportation.
FULL STORY: We saw the first Hyperloop tubes in the desert
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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HUD's Office of Policy Development and Research
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