Today’s word from the LA Times is that million-dollar homes in la-la land are going like hot cakes. Others, not so much.
We haven’t seen the Court of Appeal opinion yet, but according the LA Times the California Court of Appeal has reversed the trial court’s decision enjoining proceeding with the “bullet train” project. As best as we can figure out, the reason for the reversal was the appellate court’s conclusion that preliminary expenditures (such as the ones being challenged) are OK, with the final budget yet to be determined.
The case is California High-Speed Rail Authority et al. v. The Superior Court of Sacramento County, Ct. App. No. C075668.