Transportation Eminent Domain Costs Trigger State Audit. 3 Catalysts. 4 Audit Recommendations.
California High Speed Rail, Phase 1, will face an audit after these 3 things happened:
- Projected costs for phase 1 of California’s high speed rail have risen by $3 Billion
- A bipartisan group of legislators requested a formal audit
- Concerns that the project will need state subsidies
Due to the projected cost increase, the audit will make the following recommendations:
- how to accelerate the project’s timeline
- reduce costs and identify other sources of revenue
- best practices for approving contract cost changes, including eminent domain costs
- economic benefits of the project to communities
California Eminent Domain Project | HIGH-SPEED RAIL TO FACE AUDIT AFTER RISING COSTS