LA Mayor: Infrastructure Fuels Prosperity, And Federal Government Needs To Do Its Part

NEWSOM: Uh, because there's a new administration and I'm going to be more forthright and honest about it. I want to be held accountable to what we assert. And I think that's not been the case last few years, and I think there's been I think Brian Kelly is a breath of fresh air. I think the last report finally established a realistic look at this that hadn't frankly been presented over the last few years and forgive me for saying that because a lot of good people, frankly, were part of just part of the stubbornness of this project that didn't want to necessarily let the facts get the kind of airing that they deserve. Look, the first phase of this project can get done. The deeper question is can you get the $45 billion on the high end, according to that plan, to get it over the Tehachapi Mountains, San Gabriel Mountains into Southern California? And that's where even Kelly acknowledged, there's not a dollar identified. The first phase now, Bakersfield, I loosely define San Francisco to Bakersfield is a project that we can complete with the cap and trade dollars, with the $9.95 billion with the $3.5 billion from the feds and with probably $7 to $10 billion that we have to patch together, and identify new funding. We can get that done. The argument goes accordingly. If you can get that project complete then we will have a real demonstrable project that could excite and enliven federal senses and potentially the private sector to come in and then finance that final leg into Southern California. But in the absence of that, what you're left with is not a train to nowhere, quite literally a train to somewhere, to one of the fastest growing parts of the state, that will have the benefit of what comes traditionally from fixed rail and that is significant economic growth in and around that corridor in one of the fastest growing parts of the state, the Central Valley. And connect one of the most dynamic parts of the state, Silicon Valley. So as imperfect as this has been, originally a $33 [billion], you guys have been generous, and it's $43 [billion]. I was the co-chair promoting $33 billion project when I was out there originally on this project. Is no longer, it's $77.3 [billion], or a $98.1, that's the new estimate, billion dollar project, it's no longer two hours and 26 minutes downtown LA to downtown San Francisco and then spokes down to San Diego and Sacramento, acknowledge all of that. We're using cap and trade money we never intended those dollars to be used and, yes, we've only gotten $3.5 billion from the feds and that was a one-time stimulus because Walker and Kasich and one other governor gave up their high speed rail money and Biden sent it out our way. So you have to be honest about that, but I think this 1,700 folks that are working the 16 big projects that have been completed are testament this is actually finally happening and let us not, let's not send three and a half billion dollars back to Trump. This money can't be used to repave your streets. The money will end up in litigation with no project. With a lot of raw feelings. Let's get phase one done. See what we….

Source : http://www.latimes.com/sd-gavin-newsom-interview-20180510-story.html

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LA Mayor: Infrastructure Fuels Prosperity, And Federal Government Needs To Do Its Part

Source:Governing

LA Mayor: Infrastructure Fuels Prosperity, And Federal Government Needs To Do Its Part

LA Mayor: Infrastructure Fuels Prosperity, And Federal Government Needs To Do Its Part

Source:Investor ideas

LA Mayor: Infrastructure Fuels Prosperity, And Federal Government Needs To Do Its Part

LA Mayor: Infrastructure Fuels Prosperity, And Federal Government Needs To Do Its Part

Source:Governing

LA Mayor: Infrastructure Fuels Prosperity, And Federal Government Needs To Do Its Part