Texas HSR is a privately financed project backed by the Central Japan Railway, which operates at a profithttps://twitter.com/tonybalogna/status/1045790657065955328 …
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Replying to @380kmh
I’m not so much worried about profit. I’m more worried about taxpayers funding stuff only a segment of the population uses; or giving taxpayer funds to private profit (Brightline).
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Replying to @tonybalogna
Since there is no taxpayer financing for the Texas HSR, this won't be a problem
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Replying to @380kmh
Trump identified the Texas HSR project as a national priority. Which means probably some kind of incentive down the line for it. But again I really don’t care about that. These projects just must be self-sustaining and not be the usual tax money funnel into wealthy pockets.
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Replying to @tonybalogna @380kmh
I think Texas’ HSR is being funded by tax free bonds which is a significant subsidy.
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Replying to @TaupeAvenger @tonybalogna
Do you have a citation? Every article I read makes no mention of this, and the company website says nothing about it either.
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It's standard among priate transpo projects – private activity bonds. Brightline got it too. It's not that big of a subsidy compared to what most transpo projects get, and it's the same thing that airports, toll roads, etc. get
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Replying to @MarketUrbanism @380kmh and
Here's a list of other projects that have gotten it recently:https://www.transportation.gov/buildamerica/programs-services/pab …
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Sure sure but is Texas Central getting any? I didn't see them on that list and again, no references to such financing in media
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The reference I found was approval for bonds for the failed Texas HSR project from the 90s
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Ah, so a different project
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