High-speed rail derails in Wisconsin

The loss of a total of $810 million in high-speed rail funds in Wisconsin means the promise of thousands of new jobs will not be realized.

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$1.2 billion in rail funds goes to other states
In Watertown, Wisconsin, Mayor Ron Krueger stands at the spot where a proposed train station was to be built and looks down the track for a high-speed train that will never arrive.

The U.S. Transportation Department took a combined $1.2 billion in funding for high-speed rail away from Wisconsin and Ohio and redirected it to 13 other states.

The federally funded project was canceled this month thanks to a difference of opinion between the Transportation Secretary and Wisconsin's Republican governor-elect. Proponents of high-speed rail claimed it would result in economic growth but the governor-elect said the state would be left with the bill for annual operating costs.

NEXT: Boosting commerical rail traffic
Last updated December 16 2010: 4:36 PM ET
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