Scott nixes high-speed rail

High-speed rail won't be coming to Florida anytime soon, if ever. And Florida taxpayers may be saved hundreds of millions of dollars.

Gov. Rick Scott rejected the federal governments $2.4 billion subsidy for Tampa to Orlando passenger line, calling it a “high-risk” project. The decision appeared to be a triumph of Scott's principles over political expediency, as business groups and many Republicans favored the rail project.

In his announcement this morning, Scott cited “three main economic realities” that led to his decision.