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Vegas Bullet Train Gets Chinese Backing

Connect Media will have a special, in-depth report on China next week, examining how investors from that country are making an impact on U.S. commercial real estate. Look for the first part on Sept. 28!

A proposed Los Angeles-to-Las Vegas bullet train will reportedly get funding from a Chinese government agency. XpressWest, which has long tried to construct a high-speed train between Southern California and Sin City but has had trouble raising funds for the venture, has apparently formed a partnership with China Railway International USA.

XpressWest had originally proposed to build a station in Victorville that would only take passengers 80 minutes to get to Las Vegas at a cost of $89. But China Railway has bigger plans and wants a Las Vegas bullet train route with service throughout the Los Angeles area.

If all goes as planned, work on the project could start as early as September of next year.

Read More at LATimes.com

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