An interesting article that highlights the enormous financial requirements for high speed rail in the US, something that has been discussed here quite a few times. http://www.mercurynews.com/top-stories/ci_19668833 The panel is PRO high-speed rail, but warned that the $99 billion project would present "immense financial risk" to the state of California. The project originally was slated to cost $30 billion only a few years ago when it was approved, and who knows exactly how much it will actually end up costing. At the end of the day you see why they would have to say no... the plan is to authorize $2.7 billion in state bonds to match $3.3 billion in federal money, just to build a portion of the track in the Central Valley without a clear long-term funding source. So it's basically spending all the money that you have, so you don't lose the matching money, without a clear indication how you're going to actually pay to finish the project. Yeah, that's a solid business idea.