Voters in 2008 approved $10 billion in bonds to start construction on an 800-mile rail line to ferry passengers between San Francisco and Los Angeles in 2 hours and 40 minutes, compared with 6 hours by car now during good traffic. Since then, the housing market collapsed, multibillion-dollar budget deficits followed, and the price tag has fluctuated wildly â¿¿ from $45 billion in 2008 to more than $100 billion in 2011 and, now, $68 billion.Political and financial compromises led officials to scale back plans that now mean trains will be forced to slow down and share tracks in major cities, leading critics to question whether it will truly be the 220-mph "high-speed rail" voters were promised.
Opposition Rises As Calif. High-speed Rail Begins
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