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Ennis Daily News

Questions on railway’s promise of money, jobs

By Mark Warde

Unfazed by the rosy picture being painted in ads deployed by Texas Central Railway, that millions of dollars will benefit communities thanks to the train, area land owners claim a fifth grader could do better math.

“TCR expects the community to believe that it will pay millions of dollars in taxes to local communities. They claim economic benefits, local tax revenue, and new jobs to the local communities,” says Bob Beakley, who heads up a group of 90 farmers and ranchers opposed to the train. “That is what they say. But where is the money to come from?

“Certainly not from the operations of the train,” he reasoned. “Nowhere in the world has a high speed train been profitable. They are all subsidized by tax money, and Texans Against High Speed Rail believes this project will subsequently be given federal dollars.

“Fifth grade math will tell anyone that income from passenger revenue is not enough to cover land acquisition, construction, interest, operating costs, repairs, etc. What private investor is going to support a project known to lose money from the very start?”

As for the promise of jobs, Beakley said the bulk of jobs created will go overseas. They will be in Japan.

“That is where the engineering will take place, and where the trains will be built. The local jobs will last only during construction,” he said.

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Posted by on May 24 2016. Filed under Business, County News, News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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