High-speed rail ridership projections may be faulty
- July 12, 2010
- David Brownstone, economics professor, is quoted in the Daily Californian July 7, 2010
From the Daily Californian:
California's $40 billion high-speed rail project was based on faulty ridership projections,
according to a recent UC Berkeley study, but project officials are standing by their
numbers..... "The key finding was simply that the forecasts were not accurate enough
to make any judgment," said David Brownstone, economics professor at UC Irvine and
a co-author of the study. "The conclusion that we draw is that we just don't know
what the demand for this thing would be."
For the full story, please visit http://www.dailycal.org/article/109779/study_ridership_projections_for_h....