The planned $68B California High-Speed Rail has been plagued with heavy criticism primarily due to the cost of the system. Although a recent poll shows the majority of California voters support the project, there is just never a “good time” to spend $68B, and therefore the criticism has and is EXPECTED to continue.
Just this past Friday, the U.S. Department of Transportation (DOT) Federal Railroad Administration (FRA) issued a Record of Decision (ROD) for the initial segment [114-mile section from Fresno to Bakersfield] of the California High-Speed Rail. The ROD is the last step in the National Environmental Policy Act process and clears the way to break ground on the project. The ROD signed on June 27, 2014 can be found here.
An approved California High-Speed Rail station in Palmdale, CA prompted Palmdale Mayor Jim Ledford to speak at the US High Speed Rail Association West Coast Rail Conference in San Francisco, CA earlier this month.
Investing properly in land takes MUCH more than just speculation of a planned project no matter how incredible the project or the promises it might bring. A wise investor understands that any planned project is just the “icing on the cake” and that the cake must be based on the existing projects that are already continuously attracting more and more development and population whether or not the planned project exists in the future. The same way a great cake is made up of several quality ingredients is the same way a great investment is made up of quality sustainable growth indicators. Educate yourself now, learn what makes a great investment!