"As you may know last Wednesday, I informed U.S. Transportation Secretary Ray LaHood of the state’s decision to reject President Obama’s costly Tampa to Orlando high-speed rail project. Here are the facts about the project, and I ask you take action today to support this decision by sharing the facts on Facebook. My decision to reject the project comes down to three main economic realities:
1. Capital cost overruns from the project could put Florida taxpayers on the hook for an additional $3 billion.
2. Ridership and revenue projections are historically overly-optimistic and would likely result in ongoing subsidies that state taxpayers would have to incur, which could cost from $300 million – $575 million over 10 years.
3. If the project becomes too costly for taxpayers and is shut down, the state would have to return the $2.4 billion in federal funds to D.C.
Let's get to work,
Governor Rick Scott"
[Tampa 912 Project]
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