Tuesday, February 22, 2011

DesertXpress NOW needs Fed. Tax $$$ to build.

As reported from the Las Vegas Sun on Monday, (Feb 21) Desert Xpress is now going after tax dollars to assist with it's project.

Monday, Feb. 21, 2011 | 2 a.m.
Ever since plans to build a high-speed train from Las Vegas to Victorville, Calif., were unveiled, developers have been adamant about one point — they wouldn’t ask taxpayers to fund it.
But DesertXpress Enterprises has no qualms about borrowing from taxpayers — and borrowing big — for a project that skeptics say has little chance of gaining the ridership needed to pay for it.
The company has applied for a $4.9 billion loan through a federal program to construct what is billed as a $6 billion project. Since the plan was presented nearly two years ago, the cost estimate has ballooned from $4 billion
But way back in 2007 DesertXpress said that they didnt need any money.
The Hill reporter Manu Raju (09/18/07)
“We have to do this without public dollars because the public dollars are not there to build it,” said Tom Stone, president of DesertXpress. “Our view is we don’t need [federal funding], and we don’t want it."
Keep Flying On The Ground! 
Ca/Nv Maglev News