Court Delivers Dual Body-Blows to High-Speed Rail Project
Court Delivers Dual Body-Blows to High-Speed Rail Project 11/25/13 Filed in: High-Speed Rail Judge Michael Kenny of the Sacramento Superior Court placed two major roadblocks today in front of the California High-Speed Rail Authority’s Central Valley project. The judge had ruled back in August that the Authority’s funding plan for the project had not complied with the requirements of the Proposition 1A High-Speed Rail bond measure. His ruling today will prevent the Authority’s project from spending bond measure funds for construction until the funding plan is brought into compliance. Because that would require finding at least $26 billion in grants, compliance seems virtually impossible. In addition, the judge declined today to validate the issuance…