by NotStarvingActress
CA has been talking about high-speed railway since forever. Issue is it’s not going to be profitable.
Update: questions have been raised as to whether or not Richard Blum still owns a substantial or any interest in Tutor Perini. A number of published accounts, in addition to those cited, claim he does. This report indicates he sold 3 million shares in 2005. It is unclear what portion of his holding, if any, remains. – TL
Further update: Sen. Feinstein’s financial disclosure form contains no reference to Tutor-Perini, htough it does indicate holdings in a number of Blum Capital Partners funds.
To the surprise of absolutely no one familiar with the ways of Corruptifornia, the one-party state completely in the hands of the Democrats, a consortium whose lead firm is controlled by Richard Blum, husband of Sen. Dianne Feinstein, was awarded a nearly billion-dollar contract for the construction of the first phase of the so-called high-speed rail line to link San Francisco and Los Angeles. Those paying attention to the project call it the “half-fast” rail line because it will share trackage with conventional commuter rail trains in the sprawling Los Angeles and San Francisco areas, lowering its average speed to levels achieved by American railways a century ago.
Details at link.
sbynews.blogspot.com/2017/01/dianne-feinsteins-husband-wins-near.html
Those paying attention to the project call it the “half-fast” rail line, because it will share trackage with conventional commuter rail trains in the sprawling Los Angeles and San Francisco areas, lowering its average speed to levels achieved by American railways a century ago.