The ridership model is arguably one of the most important components of the recent business plan presented by the California High Speed Rail Authority.
So, how conservative are the ridership forecasts?
Here is a short report looking simply at the price of gas assumed in the model.
What did we find? Well, do you think $40 per gallon of gas is conservative?
[…] a Palo Alto finance expert and co-founder of Californians Advocating Responsible Rail Design, delved into the methodology and discovered, among other things, that the rail authority assumed that the […]