The News & Observer tells us this morning that North Carolina is slated to receive $520 million today in federal “stimulus” money for high-speed rail.

Randal O’Toole explained in a June 2009 John Locke Foundation report why these projects don’t make sense:

“The average North Carolinian will take a round
trip on a high-speed train only once every 27 years,” said report
author Randal O’Toole, senior fellow at the Cato Institute. “That’s
certainly not worth the cost of pursuing high-speed rail service for
this state. The administration’s proposed high-speed rail plan will
cost $1,000 for every federal income taxpayer, yet the average American
would rarely or never ride high-speed trains.”