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    Thursday, February 19, 2009

    Let's Get Us Some High Speed Stimulus!

    Tip of the hat to Yglesias...

    Apparently the stimulus bill includes $2 billion (and perhaps more) for grants to build high speed rail in the Federal Railroad Administrations designated high speed rail corridors:

    The Stimulus Plan includes provisions modeled after the High-Speed Rail for America Act (the Act), introduced by Senators John Kerry and Arlen Specter on November 19, 2008, to bring American rail infrastructure up-to-date with current world standards. Specifically, the Stimulus Plan provides $2 billion for rail projects related to trains reaching at least 110 miles per hour and exempts interest incurred from private activity bonds for high-speed rail from the Alternative Minimum Tax. By providing this tax incentive, the Stimulus Plan will promote public-private partnerships (P3s) between government agencies and private sector companies by giving them a financing vehicle to access the tax-exempt capital markets.

    source

    The FRA's dedicated high speed rail corridors include ...


    ...wait for it...


    Cleveland - Columbus - Cincinnati

    and

    Cleveland - Toledo - Chicago

    and

    Cincinnati - Indianapolis - Chicago

    Really! Here's the map:


    Can we muster up the kind of dogged determination (like we did to build the Euclid Corridor Project) to secure these federal funds and build high speed rail through Ohio's three largest cities, and onward to Toledo and Chicago?

    This could be huge project for Ohio. To design it, build it, maintain it -- and not the least of all, to RIDE it. Will we do it? If not, why not? There are lots of other high speed rail corridors -- we can build this, or sit back and watch others build theirs and then kick ourselves for missing the boat train.

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    Comments on "Let's Get Us Some High Speed Stimulus!"

     

    Blogger Kate Anne said ... (11:48 AM, March 06, 2009) : 

    Wish there were a link from Cleveland to Buffalo -- to connect to the Eastern corridor. (Or I should move to my firm's Chicago office :-)

     

    Blogger Shannon said ... (9:30 AM, February 02, 2010) : 

    Well, it's been mustered! We have the funds, and even a small additional stimulus to work on a Cleveland-Youngstown-Pittsburgh line. Good things are happening...

     

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