Uh-oh.
California's light rail boondoggle is an ongoing joke. Its costs continue to spiral in inverse proportion to its progress.
The price of the California bullet train project jumped sharply Friday when the state rail authority announced that the cost of connecting Los Angeles to San Francisco would be $77.3 billion and could rise as high as $98.1 billion — an uptick of at least $13 billion from estimates two years ago.
When voters approved this disaster, they were told it would cost $33 billion. That's $33 billion to $77 billion.
Trump's win worried California's political bosses. And now the Feds are taking a closer look at the trainwreck.
California's high-speed rail project is facing an audit from the U.S. Department of Transportation's as costs continue to climb.
The inspector general's audit, announced Thursday, will examine the Federal Railroad Administration's oversight of nearly $3.5 billion in federal grant money awarded to the project.
The federal money awarded to California comes with specific conditions that Kelly has promised to meet. They include completing a 119-mile (192-kilometer) segment of track now under construction in the Central Valley and finishing environmental reviews for the full line by 2022.
Good luck with that.
Any serious look at those numbers ought to turn up some interesting things. While saying nothing good about the idea that the Federal government should aid this train wreck of a project in any way.