Rail Authority Plans to Tap Private Sector - Los Angeles Local News, Weather, and Traffic

California High-Speed Rail Authority chairman Dan Richard says the system will attract private sector investors.

But a group of professors, economists and C-E-O's who've been studying the rail plan for years say that's unlikely. Some have concerns that L.A. taxpayers, who are picking up a big chunk of the tab, may never get their high-speed train.

Investigative producer Heidi Cuda reports.