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Report: High Speed Rail An Economic Driver

The economic payback is especially good when intercity travel is under three hours.

by / June 15, 2010

Photo: Chicago is one of four cities examined in the study.

A study commissioned by the U.S. Conference of Mayors investigated high-speed rail's economic benefits. The Economic Impacts of High-Speed Rail on Cities and Their Metropolitan Areas, looked at four U.S. Cities -- Los Angeles, Chicago, Orlando and Albany, N.Y. -- and concluded that in all four cities, high-speed rail would increase jobs, wages, business sales and productivity. The economic payback, said the report, is especially good when intercity travel is under three hours.