Rumor Higher Speed Rail from MCO to Disney World

JoeCamel

JoeCamel

Well-Known Member
Twirlnhurl said:
I am not exactly sure how the Brightline / FEC / Fortress / Softbank relationships work out. But we can be absolutely certain that the capital costs will be paid by every portion of those companies who extract value from the existence of that infrastructure.

If those 4.3 million trips have a per capita revenue of $60 each, that would mean passenger revenue would be $258 million per year.

Brightline has $3.7 billion in outstanding bonds, and is likely to refinance within a year of the Orlando extension opening, according to an article in The Bond Buyer.

Apparently, debt service payments over the next five years total $252 million a year on average. And apparently the debt matures in 2049.

Also, Brightline anticipates "$50 million in upfront payments and annual access payments for 30 years starting at $12 million annually" from Miami-Dade County so Tri-Rail can run on Brightline / FEC tracks into Miami.

It certainly is conceivable that Brightline could pay their bonds with the combination of fares and payments from other users of the track.

The Brightline Quarterly Financial Statement from June of this year can be found here. I am not an accountant, so I would hesitate to say anything with confidence about it. But if someone watching this forum knows more about this stuff, I would love to learn more about what is in this.

I am eagerly awaiting the beginning of Brightline passenger service to Orlando, but I also understand that interest rates aren't what they used to be. So I am not certain about the financial soundness of the service in the current financing environment. My back of the envelope check makes me think it has a decent shot of penciling out, though.
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Thank you



chance.jpg
 
DonniePeverley

DonniePeverley

Well-Known Member
At the risk of reading through nearly 100 pages ..... do we have a summary of anything ?


Or does this just join a long list of threads of 'hopeful thinking'.
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
Lilofan said:
Or move some numbers around from one profitable division to another division not so profitable. No one is that naive.
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Some will make up numbers about what's been moved from one division to another based on absolutely nothing and believe those made-up numbers are true.
 
Twirlnhurl

Twirlnhurl

Well-Known Member
DonniePeverley said:
At the risk of reading through nearly 100 pages ..... do we have a summary of anything ?


Or does this just join a long list of threads of 'hopeful thinking'.
Click to expand...
Summary:
Brightline began passenger service between Miami and Ft Lauderdale a few years ago. They added West Palm Beach a few months later. The stretch between West Palm Beach and the Orlando Airport will be open by September 1 of this year.

Brightline initially announced an extension between the Orlando Airport and Tampa, with a stop at Disney Springs, following SR-417 and I-4. Disney entered into an agreement to allow the Disney Springs station.

Universal, the International Drive Chamber of Commerce, homeowners along the SR-417 Expressway corridor, and the Florida Department of Transportation opposed the route and recommended the route initially developed for the Florida High Speed Rail system that was killed early in Rick Scott's administration. This route costs about twice as much to build (much of it will be on elevated viaduct).

The local governments convinced Brightline that the more expensive route would be the only one that could be built, and indicated that they would find grant money and stuff to make up the difference, so Brightline switched to the other corridor. This adds a stop on International Drive next to the Hilton and Orange County Convention Center.

Disney said that was a substantial enough change that they could back out of the agreement for the Disney Springs station. So that is dead.

Brightline acquired land on International Drive South, just across I-4 from Disney. Brightline also got the right to use the median of I-4 and purchased land in downtown Tampa for a station.

Brightline will be providing service between Orlando and Miami very soon. The odds that they extend to International Drive, South International Drive, and Tampa are lower, but not zero.
 
JoeCamel

JoeCamel

Well-Known Member
Twirlnhurl said:
Summary:
Brightline began passenger service between Miami and Ft Lauderdale a few years ago. They added West Palm Beach a few months later. The stretch between West Palm Beach and the Orlando Airport will be open by September 1 of this year.

Brightline initially announced an extension between the Orlando Airport and Tampa, with a stop at Disney Springs, following SR-417 and I-4. Disney entered into an agreement to allow the Disney Springs station.

Universal, the International Drive Chamber of Commerce, homeowners along the SR-417 Expressway corridor, and the Florida Department of Transportation opposed the route and recommended the route initially developed for the Florida High Speed Rail system that was killed early in Rick Scott's administration. This route costs about twice as much to build (much of it will be on elevated viaduct).

The local governments convinced Brightline that the more expensive route would be the only one that could be built, and indicated that they would find grant money and stuff to make up the difference, so Brightline switched to the other corridor. This adds a stop on International Drive next to the Hilton and Orange County Convention Center.

Disney said that was a substantial enough change that they could back out of the agreement for the Disney Springs station. So that is dead.

Brightline acquired land on International Drive South, just across I-4 from Disney. Brightline also got the right to use the median of I-4 and purchased land in downtown Tampa for a station.

Brightline will be providing service between Orlando and Miami very soon. The odds that they extend to International Drive, South International Drive, and Tampa are lower, but not zero.
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Have they actually bought land in Tampa?
 

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