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[quote user="wanswheel"] Excerpt from Politico, June 6 Richard Lawless, Texas Central Railway’s chairman and CEO, said the company is now raising capital to fund the development stage of the proposed railroad, preferably without any federal or state money. He wouldn’t reveal the company’s investors but said that may come soon. The company won’t be competing for any grant money from the public coffers, Lawless said, and it won’t look to the government to subsidize any part of the operational expense of the system. “Absolutely not, we will not look to any government or public entity to subsidize the farebox,” Lawless said. But he left the door open to looking to the feds for other kinds of help, such as financing for the project. Lawless did not address the costs of building the line, but some estimates have put construction at $10 billion. <a href="http://www.politico.com/story/2014/06/texas-central-sees-90-minute-dallas-houston-commute-at-205-mph-107392.html#ixzz36FLsjB9f">http://www.politico.com/story/2014/06/texas-central-sees-90-minute-dallas-houston-commute-at-205-mph-107392.html#ixzz36FLsjB9f</a> <a href="http://www.youtube.com/watch?v=k6igUibrfwc">http://www.youtube.com/watch?v=k6igUibrfwc</a>  Texas Central video <a href="http://www.youtube.com/watch?v=cRrn2Vcmwqg">http://www.youtube.com/watch?v=cRrn2Vcmwqg</a>   lengthy talk video [/quote] All the proponents of the TCR have put out for the public is a set of glossies describing the wonderful benefits to be realized by people traveling between Dallas and Houston on a high speed train. And they may be correct. Time will tell. If the proponents of the TCR are able to build it without any federal money, I will be the first to lift my hat to them.  Many of the members of the leadership team know their way around Washington, Austin, and Tokyo. Why?   What the proponents of the TCR have not made available to the public or anyone else, as far as I can determine, is any ridership, revenue, cost, etc. projections.  Until that comes along, we will not know whether the project is sound.  Based on the outcomes of the California High Speed Rail Project, we should be at least modestly skeptical.
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