TALLAHASSEE, Fla. -- Florida Gov. Rick Scott canceled plans for a high-speed train line between Orlando and Tampa promoted by President Barack Obama, saying Wednesday it would cost the state too much even with $2.4 billion in federal help.
Cost overruns could put Florida on the hook for another $3 billion and once completed, there's a good chance ridership won't pay for the operating cost, meaning the state would have to pump more money into the line each year, Scott said.
"The truth is that this project would be far too costly to taxpayers and I believe the risk far outweighs the benefits," the Republican governor said in a press release issued after he informed U.S. Transportation Secretary Ray LaHood of his decision.
It seems the federal government is having money "giving away" money for high speed rail. The federal government really should have focused on the Northeast Corridor, where it at least has a fighting chance.