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Jeff Vasilinda becomes the Vasilinda Family’s first published author!

Bullet Train Off Track

January 12th, 2011 by flanews

More than two billion federal dollars from a commuter rail between Tampa and Orlando are in jeopardy as the state decides how to come up with its portion of funding for the project.

The total cost of the high speed rail project is estimated at 2.7 billion dollars. The federal government is offering Florida 2.4 billion, but only if the state can come up with the extra 280 million to finish the project.

Governor Rick Scott and State Senator Mike Haridopolos want the private sector, not taxpayers, to cough up the extra cash. Haridopolos says if investors wont take the risk then the state sure shouldnt.

If the state cant come up with the money soon, the federal government could give Floridas portion to another state more willing to invest in high speed rail.

Posted in State Budget, State News | No Comments »

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