San Francisco's Transbay Terminal faces murky future
San Francisco Business Times
Date: Monday, November 21, 2011, 7:15am PSTPlans for San Francisco's Transbay Terminal are hitting new problems as funding for California's high-speed rail become uncertain, the San Francisco Chronicle reports.
San Francisco is continuing to build a $400 million underground train station for the bullet train, part of the $4.2 billion Transbay Terminal project that would create a two-story hub for Caltrain and bus service to the East, North and South Bay -- as well as the high-speed rail station.
But the bullet train system is facing hurdles as the Republican-controlled Congress slashes funding for high-speed rail and more questions arise in California about the project's financial soundness.
One fallback for the station being built is to use it for Caltrain, though that option would cost $1.5 billion, the report notes.
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