Washington Misses the Point: FL High Speed Rail: $3B not $280M

http://www2.tbo.com/content/2011/feb/18/scott-sticking-to-guns-on-high-speed-rail-decision/news-politics/

From the article above…..”A group of Congressional officials, including Nelson and U.S. Reps Kathy Castor, D-Tampa and John Mica, R-Winter Park, say they believe these companies would follow through as some firms have indicated and chip in the $287 million required for the federal match amount. They also have said a contract could be fashioned to make the winning bidder responsible for financial shortfalls or overruns.”

The point is that the taxpayer obligation could exceed $3 billion… the $280 million is an illusion.

More at… http://www.newgeography.com/content/002062-tampa-orlando-high-speed-rail-the-risk-local-taxpayers

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