California high speed rail boondoggle blocked by judge

California's plan to squander potentially hundreds of billions of dollars on a "high speed" rail line that would achieve average speeds no higher than railroads routinely achieved a century ago has hit a serious roadblock. Melody Gutierrez of the San Francisco Chronicle reports: A Sacramento judge put the brakes on California's plans to build a bullet train after dual rulings Monday blocked the sale of $8 billion in bonds and ordered the rail authority to rewrite its funding plans for the huge project. Sacramento County Superior Court JudgeMichael Kenny ruled that there was "no evidence in the record" to support theCalifornia High-Speed Rail Authority's request in March to sell the bonds from Proposition 1A, a $10 billion measure approved by voters in 2008 that allowed the bullet train project to move ahead. In a separate but related case, the judge sided with the Kings County Board of Supervisorsand two homeowners who sued the rail agency, saying it...(Read Full Post)

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