2/21/11, "Facts about President Obama's High-Speed Rail Project," by Rick Scott on Monday, February 21, 2011 at 1:29pm
- Following is copy of email Rick Scott sent out yesterday afternoon:
My decision to reject the project comes down to three main economic realities:
- 1. Capital cost overruns from the project could put Florida taxpayers on the hook for an additional $3 billion.
2. Ridership and revenue projections are historically overly-optimistic and would likely result in ongoing subsidies that state taxpayers would have to incur, which could cost from $300 million – $575 million over 10 years.
3. If the project becomes too costly for taxpayers and is shut down, the state would have to return the $2.4 billion in federal funds to D.C.
Let's get to work,
Governor Rick Scott"------------------------------
Tampa groups held an Anti High Speed Rail protest on Feb. 21 which was well attended. Here is some video.
- via Sharon Calvert in Florida
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