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From another passage in Cadillac Desert (p 351, I updated the dollar figures to today), on a dud-project known as the Peripheral Canal:

“the correct figure, for capital costs only and accepting official estimates, is certainly in excess of $3 billion.” Three billion dollars in 1959 is over $24 billion today. What state would vote for a $24 billion bond issue today? Not one. Pat Brown knew that very well. That was why he decided to say that the project would cost $1.75 billion – just over half of what he knew, or should have known, the estimate should have been.”

Not that any such thing would be done with High Speed Rail estimates today.

23 Responses to “California Water and High Speed Rail”

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