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$200M in high-speed train bonds reallocated to affordable housing

California Las Vegas Train
Posted at 12:55 PM, Dec 09, 2020
and last updated 2020-12-09 20:00:40-05

$200 million meant to go toward a high-speed train from Las Vegas to Southern California will now be re-directed to affordable housing projects.

Construction was supposed to start this year for the Brightline West Coast high-speed train to and from Las Vegas and Victorville, California, but it was delayed indefinitely because of funding issues.

RELATED: High-speed rail project faces new challenge as bond funding is postponed

Nevada's Department Of Business and Industry is now giving $183 million to affordable housing projects and the remaining $17 million to the Nevada Rural Housing Authority.

Last month, California did the same thing with $600 million they were going to put toward the project.

Brightline can re-apply for the bonds next year.