Study: Gov. Scott Right About High Speed Rail Costs

By  //  December 3, 2013

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Study Rebukes FDOT Surplus Projections

ABOVE VIDEO: Reason Foundation explains why President Obama’s high speed rail projects arent’ economically feasible. Gov. Scott made national headlines when he rejected Obama’s federal dollars to launch a high speed rail project between Orlando and Tampa, which would have eventually required state taxpayer funding for maintenance. 

Gov. Scott

Gov. Scott

TALLAHASSEE, FLORIDA — Nearly three years after Governor Rick Scott received national criticism for rejecting a rail project proposed by President Obama, an independent study shows that the Governor’s concerns regarding funding were well-founded.

In 2010, Governor Scott said that the overhead costs associated with train and track maintenance couldn’t be supported by state taxpayer dollars. According to the study by the Libertarian Think Tank Reason Foundation, the Florida Department of Transportation can’t pull off a taxpayer-money-safe deal that produces a $38 million surplus by 2026.

“It is likely, as Governor Scott predicted, that … even with financial guarantees from the private-sector builders/operator, moving forward with such a project would likely lead to a financial obligation by the state of Florida in the future,” said Wendell Cox and Adrian Moore, authors of the study.

See the study HERE

DO  YOU THINK THE STATE SHOULD HAVE AGREED TO START THE RAIL PROJECT? COMMENT BELOW.


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