Rail

Report: Fla. high-speed rail would have been profitable

Posted on February 8, 2012

TAMPA, Fla. — A Florida Department of Transportation report says that the high-speed rail project that Gov. Rick Scott canceled last year by rejecting $2 billion in federal funds would have made an annual surplus of $31 million to $45 million within ten years of operation, Tampa Bay Online reported.

The report analyzed projected ridership, costs and the resulting surplus or loss, and concluded that the project would have been a fiscally sound decision. For the full story, click here.

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