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We have no idea how this didn't pop up when researching France's Aérotrain but during the 1960's, New York Central was up to its own gee-whiz tricks in the form of the M-497 experimental. Searching for ways to attract passengers in the post-freeway era of dwindling train ridership, Central was investing in several projects, including high speed rail. One of the questions that hung over the prospect was the whether or not the existing rails could handle high speeds. To answer that question, they built a high speed train - on the cheap.
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