• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

The Art of Barista Budgeting: Financial Lessons From Coffee Culture

May 9, 2025

Here’s Why Working Women Are Delaying Motherhood

May 9, 2025

6 Warning Signs You’re Botching Best Way To Save Money and Don’t Know It

May 9, 2025
Facebook Twitter Instagram
Trending
  • The Art of Barista Budgeting: Financial Lessons From Coffee Culture
  • Here’s Why Working Women Are Delaying Motherhood
  • 6 Warning Signs You’re Botching Best Way To Save Money and Don’t Know It
  • Meta CEO Mark Zuckerberg Wants You to Make AI Friends
  • The Easy Way to Keep Tabs on Site Status and Downtime
  • Microsoft Prohibits Employees From Using DeepSeek AI App
  • Warren Buffett Doesn’t Believe in 10,000 Hours of Practice
  • Mortgage rates hold steady, Freddie Mac says
Friday, May 9
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » How Brightline is changing passenger rail in the U.S.
News

How Brightline is changing passenger rail in the U.S.

News RoomBy News RoomAugust 6, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

When it comes to passenger rail in the the U.S., Americans have one option — Amtrak, which is often plagued with high ticket prices and delays. But one Florida-based company is working on changing that. Brightline, which is owned by Fortress Investment Group, thinks that privatized passenger rail in the U.S. could be a better way.

Brightline opened a line from Miami to West Palm Beach in 2018. It was the first privately funded passenger rail built in the U.S. in over 100 years. It will open up an expansion line to Orlando in late August. The total project cost $6 billion, according to Brightline.

“When you look at all the city pairs that exist, the places around the country that would be attractive to you, Miami to Orlando jumps off the top of the page,” said Wes Edens, co-founder and principal of Fortress Investment Group and the mastermind behind Brightline. “It’s kind of a lousy drive between them. It’s this 230 mile trip between the two places with lots and lots of trouble in between.”

The company expects to transport 8 million people per year in Florida once it is fully operational.

“At those levels of ridership, we’re going to be a very profitable organization,” said Mike Reininger, CEO of Brightline.

Brightline is also making strides to create the first dedicated high-speed passenger rail line in the U.S. connecting Los Angeles to Las Vegas. It’s hoping to break ground later this year.

“We are planning to make our project, as I call it, the blueprint for America’s high-speed rail industry. And so what that means is we are building in America, we are utilizing American union labor, and we’ll create about 35,000 construction related jobs and 1,000 permanent jobs that are localized within the region that we’re building in,” said Sarah Watterson, president of Brightline West.

Brightline is aiming to finish the line before the LA 2028 Olympics. The project is expected to cost $12 billion. It’s looking to cover about a third of the cost, $3.75 billion, with a federal grant requested in partnership with the Nevada Department of Transportation. 

“It is possible for private companies to deliver high speed rail and also to do it well. It seems less possible on the basis of the evidence we have, which generally show that private companies also are not able to make high-speed rail financially viable. So there needs to be a subsidy somewhere,” said Bent Flyvbjerg, co-author of “How Big Things Get Done.”

Watch the video to learn more.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

RSS Feed Generator, Create RSS feeds from URL

News November 22, 2024

X CEO Linda Yaccarino addresses Musk’s ‘go f—- yourself’ comment to advertisers

News November 30, 2023

67-year-old who left the U.S. for Mexico: I’m happily retired—but I ‘really regret’ doing these 3 things in my 20s

News November 30, 2023

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

News November 29, 2023

Americans are ‘doom spending’ — here’s why that’s a problem

News November 29, 2023

Jim Cramer’s top 10 things to watch in the stock market Tuesday

News November 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Here’s Why Working Women Are Delaying Motherhood

May 9, 20250 Views

6 Warning Signs You’re Botching Best Way To Save Money and Don’t Know It

May 9, 20250 Views

Meta CEO Mark Zuckerberg Wants You to Make AI Friends

May 9, 20250 Views

The Easy Way to Keep Tabs on Site Status and Downtime

May 9, 20250 Views
Don't Miss

Microsoft Prohibits Employees From Using DeepSeek AI App

By News RoomMay 9, 2025

DeepSeek’s AI app quickly became popular in the U.S. after its release in January, rising…

Warren Buffett Doesn’t Believe in 10,000 Hours of Practice

May 9, 2025

Mortgage rates hold steady, Freddie Mac says

May 9, 2025

Forbes Best Places to Retire in 2025 List

May 9, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.