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Posts Tagged ‘Rick Scot’

The Tampa to Orlando High-Speed Rail Project: Florida Taxpayer Risk Assessment

Friday, January 14th, 2011
Table 1: Comparison of Cost Elements: Florida High-Speed Rail and California High- Speed Rail (Initial Segment)

REASON FOUNDATION
Governor Rick Scott is evaluating whether to proceed with construction of the proposed Tampa to Orlando high-speed rail project. The potential cost to Florida taxpayers is a principal factor in this evaluation. Capital cost escalation, revenue shortfalls and higher than projected operating costs are common in high-speed rail projects. Governor Scott Walker of Wisconsin and Governor-elect John Kasich of Ohio have cancelled projects funded by the Obama administration’s high-speed rail program and foregone the federal funding because of cost concerns such as these.

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Posted in Funding, High Speed Rail, Infra Views, Local, Policy, Rail, Tax

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