Heartland Audio

Wendell Cox: XPress Rail Proposal Destined to Lose Billions

August 17, 2012

Investors are seeking federal backing for a loan of more than $5 billion to build a high-speed rail line from Las Vegas to Victorville, nearly 100 miles from Los Angeles. Transportation expert Wendell Cox says this may be the worst high-speed rail proposal he's ever seen. The probable losses would make the government's notorious Solyndra losses look like small change.