The California High-Speed Rail, the largest planned infrastructure project in America, is an 800-mile high-speed rail system in the state of California ultimately linking San Francisco, Los Angeles, San Diego and many other cities in between.
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.
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.
Environmental Economist and Professor at the UCLA Institute of the Environment, Matthew E. Kahn, along with Chinese Economist Siqi Zheng recently conducted a study on the effects that a high-speed rail has on “second-tier” cities far from the pollution and congestion of megacities like Los Angeles or San Francisco. The study suggests that areas like California where high-speed rail is planned, proposed stations could create booms for second-tier cities, like Palmdale and Bakersfield near Los Angeles. “It’s great news for landowners in the Bakersfields of the world, because we can identify areas that are effectively going to have the option of becoming a new suburb to the superstar cities,” said Kahn. Economists, Kahn and Zheng, studied second-tier cities in China like Shijiazhuang, Qinhuangdao, Cangzhou and Yangquan and observed that those in the “sweet-spot” [about 60-470 miles from megacities – impractical for frequent car travel but too close for air travel] benefited greatly by the triggered growth of people who wanted to enjoy the benefits of big cities while living far from the crowded megacities.
Palmdale, CA has been ranked as one of the fastest growing cities in LA County [the wealthiest and most populated county in America], the state of California [the most populated and wealthiest state in America], and America. Smart investors are buying land near several expected stops along the California High-Speed Rail, however, EXPERIENCED investors are buying land in areas that are already growing AND have an expected stop along the California High-Speed Rail. To be clear, experienced investors are not just relying on the California High-Speed Rail or any one project for that matter.
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!
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!
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