Austin KlarVanguard Properties · Lawyer Turned Real Estate Agent

Are We Closer to California's High Speed Rail?

Name: Are We Closer to California's High Speed Rail?
Uploaded: 2024-07-04T01:00:26+00:00
Duration: 36 s
Channel: Austin Klar
Description: In this brief YouTube commentary, Austin Klar reports that the U.S. federal government has pledged $3.4 billion toward a 2.4‑mile rail extension—known as…

4 Jul 2024 · 1 min

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In this brief YouTube commentary, Austin Klar reports that the U.S. federal government has pledged $3.4 billion toward a 2.4‑mile rail extension—known as the “portal” project—that will link California’s high‑speed rail and Caltrain to the San Francisco Transbay Transit Center in the SoMa district. Construction is slated to begin in 2025, featuring about 1.5 miles of tunnels under Second Street, with an anticipated completion date of 2032 and total project costs projected to exceed $8 billion. Klar notes a remaining funding gap and uncertainty over future approvals, and ends by urging viewers to follow him for more Bay Area real‑estate updates.

Chapters

US government is throwing billions of dollars at San Francisco's plan to create a Grand Central Station of the West at the San Francisco Transbay Transit Center. $3.4 billion has been pledged to complete a 2.4-mile rail extension that would connect California's high-speed rail and the Caltrain to San Francisco's transit center in SF SoMa District. Construction of the so-called portal project is expected to start in 2025. It contemplates 1.5 miles of underground tunnels beneath Second Street, and it's expected to wrap in 2032 with total project costs exceeding $8 billion. There's still a significant funding gap authorities are working on filling, and it's a completely open question whether they actually get those funds and the requisite approvals to see this through. Follow me for more Bay Area real estate.