June 15, 2010 By News Report
Photo: Chicago is one of four cities examined in the study.
A study commissioned by the U.S. Conference of Mayors investigated high-speed rail's economic benefits. The Economic Impacts of High-Speed Rail on Cities and Their Metropolitan Areas, looked at four U.S. Cities -- Los Angeles, Chicago, Orlando and Albany, N.Y. -- and concluded that in all four cities, high-speed rail would increase jobs, wages, business sales and productivity. The economic payback, said the report, is especially good when intercity travel is under three hours.