Author Topic: Brightline reveals new timeline, details for Tampa connection  (Read 558 times)

thelakelander

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Brightline reveals new timeline, details for Tampa connection
« on: October 27, 2020, 01:26:40 PM »
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High-speed rail company Brightline has pushed back the starting date of its Tampa connection to Orlando as it prepares to make a Disney station more of a priority.
 
Brightline is in the process of finalizing the conceptual design for the Orlando to Tampa route. The plan now is to start the work in 2022 rather than 2021 for the route and station buildout. The construction would take three years, making 2025 the completion date for the Tampa connection.
 
The timeline change was revealed during a recent meeting in Central Florida, when Michael Cegelis, Brightline's executive vice president of rail infrastructure, said the Miami-based train company would seek an agreement with the Central Florida Commuter Rail Commission, which oversees commuter rail SunRail, to study potential joint operations on portions of the Tampa extension and available rail corridors.

Full article: https://www.bizjournals.com/tampabay/news/2020/10/23/brightline-reveals-new-timeline-details-for-tampa.html
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bl8jaxnative

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Re: Brightline reveals new timeline, details for Tampa connection
« Reply #1 on: October 27, 2020, 03:53:12 PM »

At this point, they ain't gonna have in place all the approvals needed let alone the $6 billion raised that they'll need to build from Orlando to Tampa.

And before that happens they're going to need to show they can sell bonds for their proposed NoWhereCali, CA to Las Vegas "Brightline West".  Right now it's looking like they're going to miss their Dec 1 deadline for that.  If that's the case they either have some other magial way of securing financing or will need to get a re-up from the state of CA to do it.

Maybe I'll be wrong and this all will turn out to be some speed bumps they navigate, leaving y'll wonder what the worry was in the first place.


tufsu1

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Re: Brightline reveals new timeline, details for Tampa connection
« Reply #2 on: October 27, 2020, 10:41:36 PM »

At this point, they ain't gonna have in place all the approvals needed let alone the $6 billion raised that they'll need to build from Orlando to Tampa.

what data do you have suggesting the cost of Orlando to Tampa is $6 Billion?

bl8jaxnative

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Re: Brightline reveals new timeline, details for Tampa connection
« Reply #3 on: October 28, 2020, 11:13:25 AM »

At this point, they ain't gonna have in place all the approvals needed let alone the $6 billion raised that they'll need to build from Orlando to Tampa.

what data do you have suggesting the cost of Orlando to Tampa is $6 Billion?


Just looking at what it cost permile for green field rail build out on  FL520 for the Orlando extension + multiplying that by route miles inbetween.  Add 10% for stations + stuff + 20% for contingency.

bl8jaxnative

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Re: Brightline reveals new timeline, details for Tampa connection
« Reply #4 on: November 01, 2020, 09:50:26 AM »

They'vee raised the white flag on their Victorville - Las Vegas project.


https://www.bloomberg.com/news/articles/2020-11-01/fortress-fails-to-sell-record-bond-deal-for-las-vegas-rail?cmpid=socialflow-twitter-business&utm_content=business&utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter


Fortress Investment Group is postponing its plan to build a train to Las Vegas from Southern California after failing to sell a record amount of unrated municipal debt to finance the speculative project, showing the limits of investor appetite amid an economic downturn.