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Home – California Politics & News – After Billions Spent and Zero Trains, California’s Rail Boondoggle Nears a Reckoning

After Billions Spent and Zero Trains, California’s Rail Boondoggle Nears a Reckoning

California’s high-speed rail boondoggle may finally be running out of money. It’s bad news for Gov. Gavin Newsom, possibly good news for the people of California.

I’ve been opining about why the California bullet train will never succeed since I wrote my very first column as a young college pup. But even my accurate (though not difficult) prediction about its certain failure didn’t quite capture the sheer depth of the wasteful insanity this project has achieved.

There now may be a glimmer of hope, though a faint one, that the “project”—a word I use loosely in this case—may mercifully starve to death after fattening itself on taxpayer cash for nearly two decades.

According to a recent review by the Office of the Inspector General, the California High-Speed Rail project “will exhaust its current funding resources as soon as December 2027 if it does not secure financing.”

The inspector general warned that the high-speed rail faces a $9.5 billion funding gap over the next five years and there is currently no plan to fill it.

Even more damning is the inspector general’s note that there are “significant concerns” regarding transparency and that completion projections have been a moving target.

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The only reason the high-speed rail was even keeping........

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