Brian_tampa
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Brightline will be the new owner of Xpresswest it has been reported by the WSJ. From the article:
A Florida company has agreed to acquire the operator of a planned high-speed rail system connecting Las Vegas and Southern California, in a deal that may breathe new life into the long-delayed project.
Brightline Trains LLC, based in Miami, Fla., was expected to announce Tuesday that it had agreed to acquire XpressWest, a private rail project developed and owned by famed Las Vegas Strip contractor Tony Marnell.
Financial details weren’t disclosed.
“The introduction of high-speed rail between Las Vegas to Southern California will bring significant economic and environmental benefits to our state and support increased tourism,” said Nevada Gov. Brian Sandoval.
Brian Annis, secretary of the California State Transportation Agency, added: “California has a vision for a modernized rail network that is fast, clean and convenient for travelers, and the introduction of Brightline service linking Southern California to Las Vegas will help us achieve that vision.”
I wonder how much influence the new Japanese owners had in this deal? Lots of questions at this time.
EDIT: More info from Palm Beach Post:
https://www.palmbeachpost.com/business/brightline-buys-private-rail-line-connecting-los-angeles-and-las-vegas/kXeHo7yhMBOVWe5OFeNRFI/
“Brightline is changing transportation in our country by connecting heavily trafficked corridors that are too long to drive and too short to fly,” said Wes Edens, the billionaire co-founder and co-chief executive of Fortress Investment Group, which owns Brightline. “Our experience in Florida is proving that private-sector investment has a meaningful role to play in developing transportation infrastructure. We're excited to bring Brightline's world-class and convenient travel experience to Southern California and Las Vegas.”
Brightline said its plans include buying 38 acres of land adjacent to the Las Vegas strip for construction of a train station and mixed-used development.
Plans for more TOD in Las Vegas. What will they do at the other end? Keep it in Victorville or extend it further to be closer to LA?
Brightline will be the new owner of Xpresswest it has been reported by the WSJ. From the article:
A Florida company has agreed to acquire the operator of a planned high-speed rail system connecting Las Vegas and Southern California, in a deal that may breathe new life into the long-delayed project.
Brightline Trains LLC, based in Miami, Fla., was expected to announce Tuesday that it had agreed to acquire XpressWest, a private rail project developed and owned by famed Las Vegas Strip contractor Tony Marnell.
Financial details weren’t disclosed.
“The introduction of high-speed rail between Las Vegas to Southern California will bring significant economic and environmental benefits to our state and support increased tourism,” said Nevada Gov. Brian Sandoval.
Brian Annis, secretary of the California State Transportation Agency, added: “California has a vision for a modernized rail network that is fast, clean and convenient for travelers, and the introduction of Brightline service linking Southern California to Las Vegas will help us achieve that vision.”
I wonder how much influence the new Japanese owners had in this deal? Lots of questions at this time.
EDIT: More info from Palm Beach Post:
https://www.palmbeachpost.com/business/brightline-buys-private-rail-line-connecting-los-angeles-and-las-vegas/kXeHo7yhMBOVWe5OFeNRFI/
“Brightline is changing transportation in our country by connecting heavily trafficked corridors that are too long to drive and too short to fly,” said Wes Edens, the billionaire co-founder and co-chief executive of Fortress Investment Group, which owns Brightline. “Our experience in Florida is proving that private-sector investment has a meaningful role to play in developing transportation infrastructure. We're excited to bring Brightline's world-class and convenient travel experience to Southern California and Las Vegas.”
Brightline said its plans include buying 38 acres of land adjacent to the Las Vegas strip for construction of a train station and mixed-used development.
Plans for more TOD in Las Vegas. What will they do at the other end? Keep it in Victorville or extend it further to be closer to LA?
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