Michael P. Kenny ordered the HSR authority to rescind its funding plan and additionally prevented it from selling $8 billion in bonds. Judge Kenny asserted that the finance committee did not comply with essential legal requirements of the 2008 initiative.
The HSR authority will be able to piss away (I mean spend, sorry) the $3.4 billion the feds have given them.
The people who study such things seem to believe that this may very well kill the project, and will certainly delay it substantially.
Poor Jerry must feel bad. He is enough of a dingdong that he probably really believes HSR is a GOOD idea, and right now his legacy is “realignment,” which is kind of like saying your legacy is a drug-resistant STD.
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