Economist Edward L. Glaeser crunches the numbers on a hypothetical high speed rail line between Dallas and Houston and finds the costs prohibitive.
"I'm going to frame the discussion around an imaginary 240-mile link between Dallas and Houston, but the basic formula for direct costs and benefit is general:
Number of Riders times (Benefit per Rider minus Variable Costs per Rider) minus Fixed Costs.
I'm simplifying, but a formula needs to be simple if interested parties can seriously debate the numbers, and the only way that America is going to get to the right answer on public investments is if numbers trump rhetoric. I will plug illustrative figures into the formula, but not only am I well aware that every number here is debatable, I am hoping for just that debate."
He bases his figures on comparable costs from other rail lines from around the world, as well as estimates of interest rates on the bonds and loans required to fund the project.
Thanks to Reconnecting America
FULL STORY: Running the Numbers on High-Speed Trains
Brightline West Moves Forward With Finalized Federal Funding
The high-speed rail line will connect Southern California and Las Vegas via a two-hour trip along Interstate 15.
Las Vegas-to-L.A. High-Speed Rail Project Passes Another Hurdle
The segment between Rancho Cucamonga and the high desert town of Victorville received a key approval, with groundbreaking scheduled for later this year.
L.A.-Las Vegas High Speed Rail Could Break Ground Next Year
The privately funded train would shuttle passengers between Los Angeles and Las Vegas in half the time it takes to drive and could take 3 million vehicles off the road.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
Republican and Democrat lawmakers criticize the plan for its disproportionate negative impact on rural communities.
Test News Post 1
This is a summary
Test News Headline 46
Test for the image on the front page.
Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service