Author name: Doug Ray

Stanford management professor predicts high-speed rail will lose money

Stanford University economist Alain Enthoven has made a career of fighting wasteful spending in the public and private sectors. Recently, he published a report lining out the financial ramifications of the high-speed rail project, concluding that it will most likely never be profitable.

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Peninsula controversy surrounds high-speed rail project (VIDEO)

Approved by voters in 2008, the California high-speed rail project has faced opposition from several communities in San Mateo and Santa Clara counties. The new chief executive officer of the California High-Speed Rail Authority, Roelof van Ark, made his first public speech in the region on Sept. 29 in San Jose. He promoted the project’s benefits and said the authority needs to do a better job of communicating its message to opponents on the Peninsula. Leaders in towns such as Palo Alto and Menlo Park, which are suing the authority, are still not convinced.

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