You got to be impressed with this, right? Pretty amazing that this is actually happening. Got to give them a lot of credit.
I never was really comfortable with the idea of a private business taking over the NEC but this does make me wonder . . . what if?
What if? How many trains has Brightline run through the pandemic? We've just had our clearest view yet of what happens if you turn over a public service to a private enterprise. As soon as business conditions go sideways - they shut operations down and cut their losses.
Running trains isn't increasing their real estate prospects at the present time - so they have no interest in that activity. The construction projects and the "promise" of running trains in the future is what is raising the value of their real estate holdings - so that is what is holding their interest.