University of California Says High Speed Rail Ridership & Revenue Forecasts are Not Reliable

A just-released report by the Institute of Transportation Studies at the University of California-Berkeley finds that the ridership projections prepared by Cambridge Systematics (CS) for the California high speed rail system are "not reliable."

Authors Samer Madanat (director of ITS-Berkeley and a professor of civil and environmental engineering), Mark Hanson (UC-Berkeley professor of civil and environmental engineering) and David Brownstown (chair of the Economics Department at UC-Irvine) essentially reported that the projections had such large error margins that the system could either lose a lot of money or make a lot of money:

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