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I don't think it's about price. I believe it's about capacity. Population is growing -- in SF it's growing a lot -- but SFO and LAX are at capacity. California needs another option for moving people between LA and the Bay Area since it's not possible to fly more planes.

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Actually, in NorCal there's also Oakland. And San Jose Airport is not at all busy - they just blew 1.2 billion on Terminal 3 with no airlines committing to use it.

And in SoCal, I normally use John Wayne, not LAX - one of the worst airports in the world due to endless construction.

It's still about price then but presumably the argument becomes that airfares on that route will rise enough that even expensive high speed rail is competitive.

Acela is basically priced so enough business folks who would consider flying take the train

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