And the state is bigger than just the Bay Area :-)
the Bay Area provides 40% of state tax revenue and, even worse, externalizes the costs of its awful development policy on a large chunk of Northern California population in form of increased housing and transportation costs.
Which isn't to say I'm pro-car or pro-private-instead-of-public. If anything, a spot light needs to be shown on the clot of public-private corruption apparently controlling US transit decisions.
The biggest cost to HSR is acquiring and developing property in developed areas. But this is significantly more costly for highways and airports.
The solution to the bloated HSR budget is to improve the process, not to switch to another alternative mid-stream that both theoretically and in practice would be at least as bloated and even more costly.