It’s only Tuesday but it’s already been a roller coaster of a week for California’s high-speed rail project. Yesterday, the U.S Department of Transportation announced it would give California $300 million dollars for the project, after Florida rejected that funding.

Today, the Legislative Analyst Office released a report that’s highly critical of the project. The independent analyst calls for major changes to California’s plan, including delaying the fast-tracked project and taking control away from the independent board that now oversees that project and shifting that control to the Department of Transportation. The report says a number of problems – from lack of funding to a lack of basic information – threaten the project’s success.

Sacramento Bureau Chief John Myers is working his way though the report right now and will have updates on our air this afternoon.

Read the full report here.

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