Archives

Posts Tagged ‘bonds’

As we discussed last month, the legislature’s ongoing budget standoff put the California High Speed Rail Authority on the verge of shutting down its operations as it had run out of money to pay contractors and staff. This was an especially worrisome problem for two reasons: 1) the need to continue operations to position California [...]

Apr 6th, 2009 | Filed under Uncategorized

At yesterday’s CHSRA board meeting the effect of the state’s budget crisis on HSR became clear – unless Republicans stop obstructing a budget solution, the Authority may have to suspend planning and design work, and terminate contracts with consultants and engineers whose accumulated expertise on our HSR project has become vital. The California High Speed [...]

Jan 9th, 2009 | Filed under Uncategorized

The governator has a rather hypocritical op-ed in Newsweek on the importance of infrastructure to economic stimulus and recovery. Here are some quick excerpts: America has failed to invest in its infrastructure for the past 50 years, and the bill is coming due. The situation is reminiscent of the ancient Roman Empire, which grew strong [...]

Dec 19th, 2008 | Filed under Uncategorized

I don’t have a whole lot of time to go over this today, as I’m going to be on the Coast Starlight headed back to Monterey from a quick SoCal trip. But it’s important to discuss the new High Speed Rail funding proposal that Senator John Kerry and Pennsylvania Republican Senator Arlen Specter are proposing [...]

Nov 21st, 2008 | Filed under Uncategorized