The California High-Speed Rail Authority has a route. Now all it needs are tens of billions of dollars to actually build a high-speed passenger train system between Los Angeles and San Francisco. The authority’s board on Wednesday selected a preferred routing to carry the proposed line into the San Francisco Bay area from the Central Valley. The board chose to select a more direct but less populated routing through the Pacheco Pass over the more-populated Altamont Pass. The decision, while important to dozens of transit and transportation advocates who attended Wednesday’s meeting in Sacramento, will be moot unless the authority comes up with money to build the project. As it stands now, the project is supposed to be seeded with proceeds from a $9.95 billion general obligation bond measure that is currently scheduled for the state’s November ballot, though the final tab is expected to be much higher. But lawmakers have twice postponed the high-speed rail measure, which was originally to have appeared on the ballot in 2004, and the possibility remains that they will postpone the measure again, if not kill it outright.
-
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
5h ago -
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
6h ago -
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
7h ago -
The rating agency cited weak operating results and high leverage.
7h ago -
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
10h ago -
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
February 6




