CALIFORNIA: Governor Pulls Plug On LA-SF Bullet Train

Sacramento’s CBS affiliate reports:

California Gov. Gavin Newsom announced Tuesday he’s abandoning a plan to build a high-speed rail line between Los Angeles and San Francisco, a project with an estimated cost that has ballooned to $77 billion. “Let’s be real,” Newsom said in his first State of the State address.

“The current project, as planned, would cost too much and respectfully take too long. There’s been too little oversight and not enough transparency.” The idea long championed by Newsom’s predecessor, Jerry Brown, is years behind schedule. The latest estimate for completion is 2033.