The economic recession is hurting the California High Speed Rail Authority, the lead agency developing the high speed rail network for which the state's voters approved $10 billion in bonds in 2008. With no buyers, the bond money is unavailable.
"The California High Speed Rail Authority's budget for the current fiscal year, which ends in June, included $29 million from the sales of high-speed rail bonds authorized by voters in November. But because of the state budget crisis, the credit crisis and the poor market for bonds, the state treasurer has not sold any of the rail bonds."
"That's left the rail authority without cash at a time when Californians are eager to see the 800-mile fast train system built. At an authority meeting Thursday, officials said they had halted payments on engineering and design contracts in progress and are holding off on awarding new contracts."
"So far, consultants under contract with the authority are continuing to work despite the outstanding bills. On Jan. 16, the authority will appeal to the state's Pooled Money Investment Board - the state controller, the treasurer and the head of the finance department - for a $29 million loan so it can complete the work it plans to finish this year."
"But in case that doesn't happen, the authority directed its staff to come up with a list of contracts that can be put on hold without significantly slowing progress on the project."
FULL STORY: Cash crunch slows high-speed rail project
TOD Opportunities Around America's First True High-Speed Rail Line
Brightline West hopes to break ground, in anticipation of a 2027 opening. Cities in the Inland Empire and High Desert areas of Southern California are looking to take advantage.
Brightline Opening to Central Florida Delayed
The high-speed rail connection between West Palm Beach and Orlando will not open on time for the holiday weekend as originally planned.
Las Vegas-to-L.A. High-Speed Rail Project Passes Another Hurdle
The segment between Rancho Cucamonga and the high desert town of Victorville received a key approval, with groundbreaking scheduled for later this year.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
Cal Fire Chatbot Fails to Answer Basic Questions
An AI chatbot designed to provide information about wildfires can’t answer questions about evacuation orders, among other problems.
What Happens if Trump Kills Section 8?
The Trump admin aims to slash federal rental aid by nearly half and shift distribution to states. Experts warn this could spike homelessness and destabilize communities nationwide.
Sean Duffy Targets Rainbow Crosswalks in Road Safety Efforts
Despite evidence that colorful crosswalks actually improve intersection safety — and the lack of almost any crosswalks at all on the nation’s most dangerous arterial roads — U.S. Transportation Secretary Duffy is calling on states to remove them.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Appalachian Highlands Housing Partners
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie