Exclusive | Ticketmaster millionaire throws huge fit over $24B high-speed tunnel planned near his Bel Air mansion
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Exclusive | Ticketmaster millionaire throws huge fit over $24B high-speed tunnel planned near his Bel Air mansion
""The myth in this city is that this is 18 minutes... and pigs can fly. If this was your money would you spend it like this? In 25 years Metro hasn't finished one project on time, one project on budget, and has the most cost per mile of any metro in the US.""
""If you did that in a public company you'd be responsible for deceit, you might get sued by everyone. Metro's whole premise is not to work with the money they have.""
""I believe the project won't be done until 2050 and point to where technology will be in 24 years with driverless cars and the arrival of Uber Copters flying over LA to get people around quickly. It will be obsolete before it's finished.""
Metro has approved a heavy rail solution to reduce travel time through the Sepulveda Pass from 90 minutes to 18 minutes. The project is estimated to cost $24.2 billion, but critics, including Fred Rosen, predict it could reach $40 billion. Concerns include Metro's history of delays and budget overruns, with Rosen suggesting the project may not be completed until 2050, potentially becoming obsolete due to advancements in transportation technology. Funding sources remain unclear, and the project is planned to be built in phases as funding becomes available.
Read at California Post
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