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Illinois High-Speed Rail Proposal Only Gets $1.2 Billion

First Posted: 03/30/10 06:12 AM ET Updated: 05/25/11 04:20 PM ET

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High Speed Rail

Chicago Breaking News:

Illinois' plans for high-speed passenger trains, designed to transform rail into a preferred transportation option and create jobs, will move forward on a slower track than some officials had anticipated.

The setback will become official on Thursday when President Barack Obama is scheduled to announce $8 billion in economic stimulus grants for the states to develop 13 high-speed rail corridors linking major cities and the rural areas between them.

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Illinois' plans for high-speed passenger trains, designed to transform rail into a preferred transportation option and create jobs, will move forward on a slower track than some officials had anticipa...
Illinois' plans for high-speed passenger trains, designed to transform rail into a preferred transportation option and create jobs, will move forward on a slower track than some officials had anticipa...
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Phineas Baxandall

Phineas Baxandall: In The Public Interest: What's Next for High-Speed Rail?

Given sufficient, sustained government investment, a high-speed rail network could compete with intercity commuter air travel while benefiting America's economy and environment.
Howard Learner

Howard Learner: Modern High-Speed Rail Is a Winner for the Public -- and It's About More Than "Just Speed"

Better high-speed rail service will triple ridership in the coming years. This adds to the green benefits of reducing air and car travel, and the economic vitality from pulling jobs, people and business back into downtowns.
Antonio Villaraigosa

Antonio Villaraigosa: High Speed Rail Is Coming Right on Time

Today is a great day for California. We were just awarded $2.3+ billion to build our high speed rail network. With 14% unemployment in LA, we're ready to get people back to work.

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Bonaboman
35 Fans
09:24 AM on 03/11/2010
What Obama's plan for this is to collect money from taxpayers, then have the government overhead take about half of the money, then give $0.50 on the dollar in grant money. The answer would be to allow tax deductions and favorable income and expense treatment for the development of high-speed rail.
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lvogt
292 Fans
01:41 PM on 01/28/2010
Calling a 110mph "high-speed" is pathetic. Here we go reaching for the mediocre.
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