1. It is extremely far from covering its own costs
2. The subsidy provided by the state is regressive because it principally benefits the wealthy commuters along the line
3. It imposes substantial negative externialities on the South Bay both in terms of noise & traffic delays at grade crossings
4. The line and stations occupy very valuable real estate that could be sold and put to better uses
After Epic's wild success hes now got a bit of cash to splash on making his dream a reality :-)