"Brightline has set a potential timetable for the completion of its Walt Disney World Resort connection.
The Miami-based intercity rail provider in its November monthly ridership report said it wants to start revenue service on the connection during the second half of 2023. The company announced in November a joint agreement with Disney that it would develop, build and operate a station at the Disney Springs shopping, dining and entertainment complex at the resort.
A specific location has yet to be revealed for the project, but the timeline is dependent on "right of way acquisition, permitting, final design and engineering," according to the company's report.
"The station at Disney Springs will provide a fast, convenient and enjoyable alternative to driving or flying for the millions of trips made by guests traveling between South Florida and Orlando to visit the Walt Disney World Resort each year," the company wrote. "As part of a future planned extension to Tampa, the station at Disney Springs could also serve the millions of annual visitors to Disney and Orlando originating from the Tampa area."
Brightline expects to fund the Disney connection with a combination of equity, grants, subordinated obligations and up to $200 million of Permitted Additional Senior Indebtedness. The company added that it expects the station to have "significant potential" to increase its ridership, revenue and EBITDA (earnings before interest, taxes, depreciation and amortization).
The company first commenced engineering and design work for the proposed Disney station this past February. The company entered a memorandum of understanding with Disney in November 2019.
“We’re excited to work with Brightline as they pursue the potential development of a train station at Walt Disney World Resort, a project that would support our local economy and offer a bold, forward-looking transportation solution for our community and guests,” Jeff Vahle, president of Walt Disney World Resort, said in a prepared statement on the partnership.
Brightline is currently on track to complete its 170-mile, $2.7 billion expansion from West Palm Beach to Orlando International Airport in late 2022. During a November update with the Central Florida Expressway Authority board, company officials said the project was roughly 45% complete at the time.
The Disney station would serve as the fist phase of a proposed Tampa expansion, which would come after the Orlando expansion."