Author Topic: Brightline/Virgin IPO shows expansion to Jacksonville  (Read 388 times)

thelakelander

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Brightline/Virgin IPO shows expansion to Jacksonville
« on: December 06, 2018, 09:39:40 PM »
The Brightline/Virgin IPO shows potential expansion routes and other links across the country they're considering:

https://www.bizjournals.com/atlanta/news/2018/12/05/richard-branson-backed-passenger-rail-venture.html
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Kerry

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Re: Brightline/Virgin IPO shows expansion to Jacksonville
« Reply #1 on: December 07, 2018, 11:05:56 AM »
The Brightline/Virgin IPO shows potential expansion routes and other links across the country they're considering:

https://www.bizjournals.com/atlanta/news/2018/12/05/richard-branson-backed-passenger-rail-venture.html

I hope they can do it all but their business model relies heavily on the TOD they build at each station, which is how rail works in Japan.  They would need a lot of TOD to make this profitable.  At least here in Florida they already owned the track.  All this other stuff doesn't even exist today.  Looking at the Texas triangle, TDOT has been working on that for a long time so maybe Virgin Trains is hoping to be the operator of it even if it is built by the government, which hasn't been their operating model to-date.
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bl8jaxnative

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Re: Brightline/Virgin IPO shows expansion to Jacksonville
« Reply #2 on: December 07, 2018, 12:51:04 PM »


"
The train company estimated the cost of the Orlando line at $2.1 billion, the Tampa expansion at $1.7 billion and the Las Vegas route at $3.6 billion, according to its SEC filing.
"

A $100M IPO doesn't even put a dent in those plans.  I wish them luck. They have a steep hill to climb.

The teaming up with Virgin does explain why they went out and nabbed Desert Xpress ( ? ) for the Victorville - Las Vegas line and started chatting up other expansions.  Gotta get the potential investors to dream big.