Billionaire innovator Elon Musk said he has “verbal” government approval to build an ultra-high-speed underground rail system in the Northeast, offering hope to travelers overwhelmed by mass-transit failures despite skepticism about such an ambitious project.
In a series of tweets that might not be taken seriously if they came from any other corporate executive, Musk flummoxed the transportation industry with claims that he is pursuing a network that would whisk passengers from New York City to Washington, D.C. in 29 minutes.
Transit experts say that gargantuan costs and prodigious bureaucratic hurdles would make such a plan extremely difficult to pull off.
I guess our corporation (The Muhammad Ali Hyperlink) plus our record in the rail industry will sort of qualify us as a “transit expert”. We have designed a “HYPERLOOP” that is very “budget conscious”: follows an Interstate highway from Louisville to Gary, Indiana. Did not know a cost-effective tunneling system; so we will switch passengers to the South Shore Railroadand can be called “Louisville to Chicago” HYPERLOOP.
We, or anybody else, involved in HYPERLOOP cannot accurately forecast costs.
No normal bank or investment company even wants to talk to us (yet). Maybe we need a new Chief Financial Officer?
In the meantime, Elon Musk has bit the mayor of Chicago with another “bug”: a tunnel between the two Chicago airports. Last I knew, Chicago had financial problems: had to borrow $$$ each week to pay teacher’s salaries.
Guess we did things backwards: should have invented a self-driving electric car and started a space exploration company before we took on transit projects.
Maybe Musk could rescue the Second Avenue Subway: bore tunnels for the remainder. After all, the original subway from 1904 used tunnels.