I have not, nor have I looked for such a study. Kudos to you for providing the study, when asked, I appreciate it.
I would assume the rail authority has done some financial projections that are more current.
To be clear:
I am not *for* this specifically, although I think the advantages of rail over airtravel are enough to make me want to spend a bit more on rail capacity for transportation than simply throwing more money into freeways, airports, planes and so forth, just because that is what we have always done.
Rail can be built to go straight into the center of a city, without regards to air travel corridors, and they sure don't charge you by the bag to travel, since trains are pretty much built to haul heavy things. A dedicated passenger rail line would thus offer a benefit of diversifying transportation options.
There appear to be arguments for and against, and I do find the arguments for spending dollars on rail transit a bit more compelling than "more of the same" at the moment.

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