• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

A July rate hike from the Fed? The odds are rising

July 13, 2026

Only One FIFA Official Decided to Suspend Red Card for Flo Balogun

July 13, 2026

Ann Widdecombe Murder Investigation: Police Release First Suspect

July 13, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Monday, July 13
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Lindsey Graham’s sister, Darline, will serve out his Senate term

    July 13, 2026

    Trump’s IRS Lawsuit Ruled A Sham, and Judge Orders Sanctions Against His Lawyers

    July 13, 2026

    Texas Hispanics swung hard to Trump. A new poll shows they’re furious at his deportations.

    July 12, 2026

    The high-stakes, battleground Senate race that no one is talking about

    July 12, 2026

    Lindsey Graham’s Passing Is Another Stage In The Death Of Trumpism

    July 12, 2026
  • Health

    Last U.S. polio patient using iron lung dies at 78

    July 13, 2026

    What Makes A Condition A ‘Neglected Tropical Disease’?

    July 13, 2026

    Dementia study sees promising data after risk-reduction tactics

    July 13, 2026

    Psychiatry Lacks Biomarkers. Can This EEG Ballcap Get A Base Hit?

    July 13, 2026

    Caregiver cuts, pancreatic cancer, HHS vaccines: Morning Rounds

    July 13, 2026
  • World

    Ann Widdecombe Murder Investigation: Police Release First Suspect

    July 13, 2026

    Iran Privately Admits Strait of Hormuz Attack Was a Mistake

    July 13, 2026

    California, 11 States Suing To Block Paramount’s $110 Billion Warner Bros. Deal

    July 13, 2026

    900 Snakes Escape Breeding Farm as Floodwaters Devastate Village in Hangzhou

    July 13, 2026

    Indian Businessman Poses as CIA Agent to Land Billion-Dollar ‘Defense’ Deal

    July 13, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    A July rate hike from the Fed? The odds are rising

    July 13, 2026

    Waller says Fed shouldn’t ‘fight the last war’ on inflation but warns hikes still possible

    July 13, 2026

    Strong price openings backtracking this morning

    July 13, 2026

    Kalshi launches ‘Pro’ product for users trading multiple markets at same time, perpetual futures

    July 13, 2026

    Expanding Export Control to ‘Remote Access’ May Backfire on US AI Ambitions 

    July 13, 2026
  • Tech

    Automotive Journalist Detained by Police After Flock Camera Misidentified Press Vehicle as Stolen

    July 13, 2026

    Meta Shuts Down Feature Allowing Strangers to Use Your Instagram Pictures in AI Image Generator

    July 13, 2026

    LAPD Cuts Ties with License-Plate Camera Vendor over ‘Who Owns the Data’

    July 12, 2026

    Apple Lawsuit Accuses OpenAI of Stealing Trade Secrets in Massive Scheme

    July 11, 2026

    Bloomberg Claims Startup Co-Founded by Bill Gates’ Daughter Cheats on Sales Credit

    July 11, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Biden Admin Signals Support For Embattled High-Speed Rail Project. Critics Say It’s A ‘Boondoggle’
Business

Biden Admin Signals Support For Embattled High-Speed Rail Project. Critics Say It’s A ‘Boondoggle’

April 14, 2024No Comments9 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
President Biden Highlights The Bipartisan Infrastructure Law That Funds Replacement Of The Baltimore And Potomac Tunnel
Share
Facebook Twitter LinkedIn Pinterest Email

The Biden administration has dropped hints that it could send taxpayer funds to another stalling high-speed rail project, this time in Texas, that has faced years of delays due to a lack of private investor interest, legal fights with landowners and an executive exodus.

President Joe Biden met with Japanese Prime Minister Fumio Kishida on Tuesday, where they discussed possibly renewing work through new funding on the failed Texas Central high-speed rail project, which would connect Houston to Dallas, using Japanese bullet train technology, sources told Reuters. The project has been largely stalled since 2022, despite work beginning nearly a decade ago, after top executives resigned from the company as private funds ran out, with not a single track having been laid so far, according to the Texas Tribune. (RELATED: We’re Now Spending More On Debt Interest Than Defense, Report Finds)

The Biden administration previously granted $500,000 to Amtrak to further study the viability of the Houston-to-Dallas train. Following Biden’s meeting with Kishida, the White House released a fact sheet noting that the Texas project could be eligible for funding opportunities as long as it met certain undisclosed requirements.

“The U.S. Department of Transportation and Japan’s Ministry of Land, Infrastructure, Transport and Tourism welcomed Amtrak’s leadership of the Texas Central High-Speed Rail Project, utilizing Shinkansen technologies, which was recently selected for the Federal Railroad Administration’s (FRA) Corridor Identification and Development grant program,” the White House said in the fact sheet. “The successful completion of development efforts and other requirements would position the project for potential future funding and financing opportunities.”

The project has endured criticism from opponents who argue that it provides little real benefit to travelers who can currently already drive or fly between the two cities and provides huge downsides for landowners along the train path and to taxpayers who could have to fund a project that may require even more funding in the future with no guarantee that it will be completed, experts told the Daily Caller News Foundation.

“I just don’t see the need for it,” Marc Joffe, a policy analyst at the Cato Institute, told the DCNF. “I don’t hear massive complaints about people not being able to get from Houston to Dallas or vice versa. I’m really not sure what the case is for allocating public money to this other than trying to keep up with Japan’s, China’s and France’s of the world by saying, ‘Hey, we’ve got high-speed rail.’”

The project, which aims to connect Dallas and Houston, was initially supposed to be entirely privately funded, and its former CEO Carlos Aguilar indicated in 2021 that Texas Central would not ask for a federal grant or any tax money but would accept a long-term loan from the government, according to WFAA.

See also  Why The Trump Admin Shelved His Signature Trade Deal

A key headwind that has stalled construction is acquiring the rights to build on the land along the proposed track, with the Texas Supreme Court finally granting Texas Central broad eminent domain powers in 2022 after years of fierce opposition, according to The Dallas Morning News. The green light from the Texas Supreme Court could even allow Texas Central to cut right through land given to former slaves following their emancipation, including Morney-Berry Farm, which has been farmed by the same family for more than 100 years, according to D Magazine.

“The real big downside of it is that to minimize the distance and to have the line go as straight as possible — because if you have too many curves, or too sharp curves in a high-speed rail line, you can’t achieve the maximum speeds of high-speed rail — so to get those benefits, the idea was to come through a lot of ranch land, and then, of course, that’s bad for people who have had farms and ranches in their family for a long time and for many generations, and they want to continue to have their businesses there,” Joffe told the DCNF.

Joffe argues that a much better way to go about the project would be to run the rail along the side of I-35 that connects Dallas and Houston instead of cutting through and dividing people’s land for the sake of speed and travel distance.

However, proponents of high-speed rail projects argue Texas could use alternative means of transportation.

“Texans need more options for moving around our vast state,” the Houston Chronicle editorial board wrote. “This board has supported local mass transit projects and investments in multimodal transportation. Who wouldn’t want to avoid the interminable, eyesore drive north to Dallas on I-45 in favor of a more scenic, faster train ride?”

The project burned through cash during its quest for land acquisition, failing to garner enough private interest and eventually going delinquent on its 2021 property taxes, according to the Reason Foundation. Cost estimates have grown from an initial $10 billion to more than $30 billion as of April 2020, according to the Reason Foundation.

Some critics point to Texas Central’s inability to successfully operate the project as a reason it should not get funding, with previous executives having little to no experience in managing a rail company.

See also  US Black Friday sales rise 2.5% -Mastercard Spendingpulse

“Because the company is cloaked in secrecy, no one knows if they actually have a definitive, finalized construction plan,” John Sitilides, federal affairs advisor to ReRoute the Route, a group that is opposed to the use of taxpayer funds on the project and its current expected path, told the DCNF. “We presume that a semblance of a plan exists, but in four years they’ve never submitted the requisite federal construction permit application or any detailed project financing information to the Surface Transportation Board, which declared federal jurisdiction over the project in July of 2020.”

The last press release from Texas Central was released in August 2023, announcing that the company was in talks with Amtrak to advance planning and analysis work on the Texas rail project. The proposed route would span 240 miles with an estimated travel time of less than 90 minutes.

“Looking all around the country, one of the most interesting and promising projects to come next is that Texas Central vision,” @SecretaryPete on a bullet train between Dallas and Houston.

Some of the interview here w/@gromerjeffers @dallasnews @NBCDFW. pic.twitter.com/uQn7ab1P4m

— Phil Prazan (@PhilPrazan) April 7, 2024

Biden had been particularly supportive of rail projects during his tenure as president, designating $66 billion for Amtrak in 2021 for maintenance and modernization of existing lines and expansion beyond the northeast and mid-Atlantic. Amtrak has never made a profit and is estimated to continue to lose around $1 billion per year.

“Many high-speed rail proponents will talk up supposed benefits such as reduced carbon emissions, electrified transportation and the like, without explaining that energy-dense hydrocarbons are required to provide the massive additional baseload to power a 240-mile-long system, as well as to manufacture the steel and cement essential for rail equipment and rolling stock,” Sitilides told the DNCF. “Texas is increasingly dependent on wind turbines and has suffered from blackouts and brownouts in recent years under current electricity generation levels. The Texas agency that manages power flow and works to maintain energy system reliability has no plans to mandate that additional capacity be created for a high-speed rail system, whose electricity demand could overwhelm the state’s already limited energy system.”

The Biden administration has also allocated over $3 billion to support California’s high-speed rail project, which was first approved in 2008 and has since failed to make substantial progress. The project aims to connect the California cities of Merced, Fresno and Bakersfield and has had its expected costs balloon to between $88 billion and $128 billion to be fully completed.

See also  Oil dips more than 1% on demand fears after Chinese economic data

“As someone who moved to Texas from California 12 years ago, I would expect that the Texas high-speed train has a higher likelihood of eventually being built should they acquire the necessary funding and access the land that they need to finish the project, unlike the California High-Speed Rail Project, which is entirely a project of the state of California and thus doomed to endless overruns and delays,” Chuck Devore, former California State Assemblymember and current chief national initiatives officer at the Texas Public Policy Foundation, told the DCNF.

The Biden administration has also announced $3 billion in funding for another high-speed rail project connecting Southern California with Las Vegas, Nevada, just one-fourth of the estimated $12 billion needed to complete the project. The project is estimated to be completed by 2027, and tickets would need to cost around $400 to be profitable, far more than the cost to drive.

“Were they to take money from the Biden administration, Texas lawmakers would immediately become very skeptical of the project,” DeVore told the DCNF. “What was promoted as a project that would use entirely private money would transform into nothing more or less than a subsidiary of Biden’s Green New Deal and therefore would draw opposition from the majority of the Texas Legislature.”

Other Biden administration-funded initiatives have also been subject to union requirements that could slow down progress and raise costs, such as Biden’s electric vehicle charger rollout, which requires certification or union recognition for electricians working on installing the chargers. The California High-Speed Rail Authority also recently announced that it had created 13,000 union construction jobs.

“The proposed project is a $40 billion boondoggle and would rip through the middle of 1,800 farms, ranches, businesses and private properties, including an important African American cultural heritage site,” Jennifer Stevens, spokeswoman at ReRoute the Route, told the DCNF. “There are no airport connections with the proposed route. Ridership and revenue projections have plummeted post-COVID. Post-Hurricane Harvey floodplain concerns have not been considered. Secretary Buttigieg is out of touch with the significant problems with the proposed project.”

Texas Central and the White House did not respond to a request to comment from the DCNF.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Admin Biden Boondoggle CRITICS Embattled HighSpeed Project Rail Signals support
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Colombia’s Incoming Conservative Admin to Close Its Embassy in Cuba

July 13, 2026

Lindsey Graham Draws Tributes For His Support Of Ukraine, Trans-Atlantic Ties And Israel

July 12, 2026

How Greenbrier Companies (GBX) Is Growing Rail Earnings Through Margin Expansion, Record Lease Utilization, and a $2 Billion Backlog

July 12, 2026

Nobel Prize-Winning Chemist Leaves U.S. to Join Chinese AI Project

July 11, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Inside the ‘Summer House’ Season 10 Reunion After Audio Leaked

May 14, 2026

Kentucky Senate Candidate Nate Morris Drops Out For Ambassador Role In Trump Admin

May 2, 2026

‘This Is Our Sport, Not Theirs’: World Soccer Furious Over Trump World Cup Meddling

July 7, 2026

Is Vietnam Ready to Build Mega-Airport Projects?

October 3, 2023
Don't Miss

A July rate hike from the Fed? The odds are rising

Finance July 13, 2026

Renovation work continues on the Marriner S. Eccles Federal Reserve Board Building, the main offices…

Only One FIFA Official Decided to Suspend Red Card for Flo Balogun

July 13, 2026

Ann Widdecombe Murder Investigation: Police Release First Suspect

July 13, 2026

Last U.S. polio patient using iron lung dies at 78

July 13, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (5,655)
  • Finance (4,174)
  • Health (2,467)
  • Lifestyle (1,897)
  • Politics (3,863)
  • Sports (4,856)
  • Tech (2,373)
  • Uncategorized (4)
  • World (5,628)
Our Picks

Democrats Blow The Whistle On Jim Jordan’s Fake Whistleblowers

March 3, 2023

Progressive Manny Rutinel wins primary in battleground Colorado House district

July 1, 2026

U.S. Releases Crew of Captured Iranian Ship to Pakistan

May 6, 2026
Popular Posts

A July rate hike from the Fed? The odds are rising

July 13, 2026

Only One FIFA Official Decided to Suspend Red Card for Flo Balogun

July 13, 2026

Ann Widdecombe Murder Investigation: Police Release First Suspect

July 13, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.