In the Texas Tribute today, erstwhile (and much-missed) Dallas Morning News transportation writer Brandon Formby has an extended report on the current status of Texas’ high-speed rail project. If you’ve been following the bullet train story, there’s isn’t a tremendous amount of news in the piece. Houston and Dallas want to connect their booming metropolitan areas with a high-speed rail line that would suture together the cities, creating a 90-minute-travel-time lifeline between Dallas and the Texas port, catalyzing the development of a mega-region that could compete globally with some of the worlds’ biggest markets. The cherry on top: the whole project is being funded by private investors without any need for taxpayers to pony-up dough for a big infrastructure project.
It sounds like a slam dunk, especially in Texas, which, in spite of its growing political divides, still greatly prizes private investment, economic growth, and expanding trade.
Or is it?Read More