Tampa to Orlando High-Speed Rail Could Cost $3 Billion More Than Expected

Summary


Comparisons to California and other rail projects suggest rail system will cost Florida taxpayers much more than $280 million

LOS ANGELES, Jan. 6, 2011 /PRNewswire-USNewswire/ -- If the proposed Tampa to Orlando high-speed rail line goes over budget or fails to meet ridership expectations Florida taxpayers could get stuck with a bill of up to $3 billion, according to a new Reason Foundation report.

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Tampa to Orlando High-Speed Rail Could Cost $3 Billion More Than Expected

Long-standing research shows costs are underestimated on nine out of every 10 large passenger rail transportation projects, with cost over...

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