west point
Engineer
Do we know if any Orlando trains either direction are selling out consistently either / or weekdays = weekends?
And this is the place that vigorously opposed Brightline existence?City of Stuart's response to Brightline's solicitation for Station Proposals in Treasure Coast:
https://www.tcpalm.com/story/news/l...r-a-brightline-station-in-stuart/71990920007/
They backed off when Brightline agreed to commit to a station in the region. One of the other counties stuck it out against them until the bitter end.And this is the place that vigorously opposed Brightline existence?
Yes, Martin County (where Stuart is located) settlement said that Brightline has to set up a station in the Treasure Coast, not necessarily Martin County. Possible places are Fort Pierce, Stuart and Vero Beach. Of these Vero Beach has shown no interest. Ft. Pierce is submitting a proposal and Stuart has submitted a proposal. Vero Beach is in Indian River County which opposed it to the bitter end.They backed off when Brightline agreed to commit to a station in the region. One of the other counties stuck it out against them until the bitter end.
The article says BL is refinancing its older bonds as well as looking to issue new paper. Might be justified to go full tinfoil hat and suggest the buyers of the existing private bonds, likely including some who helped greenlight stuff BL needed, want a higher rate now that rates have gone up. Or, innocently, BL had to refi to get new credit. The bonds are essentially muni bonds, chartered by the state, and tax-free at the federal level. BL's risk premium above or below an average muni bond may have changed as well.Brightline is reorganizing its financials in preparation for starting to work in earnest on the Orlando - Tampa extension.
https://patch.com/florida/southtampa/brightline-refinances-ahead-plans-new-tampa-orlando-train
Say, Fort Pierce is selected...what are the chances of Tri-Rail extending into Martin County? Or perhaps as far as Jupiter, still in Palm Beach County?Yes, Martin County (where Stuart is located) settlement said that Brightline has to set up a station in the Treasure Coast, not necessarily Martin County. Possible places are Fort Pearce, Stuart and Vero Beach. Of these Vero Beach has shown no interest. Ft. Pearce is submitting a proposal and Stuart has submitted a proposal. Vero Beach is in Indian River County which opposed it to the bitter end.
Given the recent Fed rate cuts and the prospect for more, I suspect bond interest rates may go down if they haven't already, which would be good for Brightline, not so good for the investors.The article says BL is refinancing its older bonds as well as looking to issue new paper. Might be justified to go full tinfoil hat and suggest the buyers of the existing private bonds, likely including some who helped greenlight stuff BL needed, want a higher rate now that rates have gone up. Or, innocently, BL had to refi to get new credit. The bonds are essentially muni bonds, chartered by the state, and tax-free at the federal level. BL's risk premium above or below an average muni bond may have changed as well.
The total financials may not be on view. The one prospectus I found was sort of paywall locked on a financial site, but I've seen other people talk about it, or about other financial reports, right here. I haven't seen anything about who bought the bonds, which seems normal, even given Florida's strong Sunshine Law.
Theory time: transparency in fully public projects, as advocated by the NYU Transit Costs project, is good for cost control. Transparency in private-public ventures is good for detecting possible corruption.
That would make Melbourne very airplane oriented since even now planes are manufactured here. But it is not necessarily hostile to rail as it has participated fully so far in station site selection process run by the Space Coast TPO in collaboration with Brightline.Many years ago Vero had airline service by EAL. Vero very airplane orientated may due to plane manufacturing then (now?)
Very interesting. The cynic in me makes me wonder what "sweetener" will influence Brightline's selection...Apparently Ft. Pierce is coming up with two proposals...
https://www.wptv.com/news/region-st...rt-pierce-brightline-station-at-kings-landing
The City has a different location in their proposal.
This looks like an excellent location. It's adjacent to the marina, and just a couple of blocks from downtown Ft. Pierce. It was previously being considered for a station location by Brightline, and the co-development is planned to include retail, parking, and a hotel.Apparently Ft. Pierce is coming up with two proposals...
https://www.wptv.com/news/region-st...rt-pierce-brightline-station-at-kings-landing
The City has a different location in their proposal.
My guess would be that the trains bypassing Boca Raton would also bypass any other added stop. So maybe about half the Orlando trains would stop at the Treasure Coast stop?Are any of these plans indicating planned service levels?
I think the odds of Brightline saying "Let's do both!" to Ft. Pierce and Stuart are not zero if the costs are pushed low enough. The request has been to do one and they've set the cities against one another, but I don't see a reason that they might not ultimately go for both stops. The deal with the Beeline folks allows one station per county, and Ft. Pierce and Stuart are in separate counties (as are Vero and Cocoa/Melbourne - the latter is happening and the former has occasionally been talked about but isn't on anybody's radar right now). It'd also take a few years to get the stations together, etc., so the broader context of service to Tampa and so on (with the attendant equipment purchases) would also come into play. I'm not even going to /try/ to predict demand levels, but right now Brightline is arguably dealing with at least some supply constraints first.This looks like an excellent location. It's adjacent to the marina, and just a couple of blocks from downtown Ft. Pierce. It was previously being considered for a station location by Brightline, and the co-development is planned to include retail, parking, and a hotel.
The station platforms are rebuilt to the west, at the "third level" in either the mid- or high-bridge scenario, and below grade for the tunnel.https://www.trains.com/trn/news-rev...narrowly-vote-to-accept-bridge-for-rail-line/
So, I'm wondering...bridge or tunnel, how is this going to play with the station? A simple map check puts the station /well/ within the bridge/tunnel.
www.browardcommuterrailstudy.com
, which goes to https://www.fdot.gov/projects/broward-commuter-rail-south/
, click "Documents & Publications", click "Alternatives Public Workshops Exhibits", click "Mid/High Level Bridge Plan"). Direct link: Mid/High Level Bridge Plan - BCR viewing room. Now you're looking south, the opposite of the above picture.Sounds right. I didn't realize a new low-level bascule bridge (21' closed) would be higher than the current one (4' closed). Downriver bridges are Andrews Ave., 21', and SE 3rd Ave., 16'. And a tunnel, one of only two in Florida. The low-level bascule option would have the greatest impact on the waterfront, however. In addition the later, 2022, clutch of documents, assuming 25', says this about the low-level bascule: "accommodates 90% of all boat traffic but only 20% of the Marina Boats in the closed position."I still think the low level bridge is still the most likely scenario. It is the same height as the other nearby roadway bridges when closed, and also the cheapest which makes it more competitive for Federal funding (the most crucial for this project, unless the State radically changes its funding priorities in the next couple of years).
With dozens of Brightline passenger trains passing through Central and South Brevard County every day on their trips between Orlando and Miami, demand is building for the passenger rail company to establish a station within Brevard.
But that could be years off.
A major roadblock will be how to pay for a new station in Brevard.
"Stations are not cheap," said Laura Carter, assistant director of the Space Coast Transportation Planning Organization, who added that a station could cost as much as $100 million to build.
....
I'm confused - I thought Brightline was already moving towards a station in Cocoa on their own? That's the impression I've gotten from elsewhere, at least...The Brevard Space Coast TPO is slowly getting kicked into action again. Now there is yet another study to be completed by early 2025. Apparently they did have a productive meeting with Brightline a few weeks back. Florida Today reports on the situation.
That $100 million figure is probably a bit of a hyperbole, unless they are planning to build something more than two platforms and a small concourse. Stuart thinks their station would come in under $60 Million. But SCTPO has apprently budgeted $15.5 Million grants from the feds towards design and construction of such a station, and will possibly start looking for PPPs and other sources of funding, including some contribution from Brightline.
Access to the article may require registration, if not subscription:
https://www.floridatoday.com/story/...&utm_term=hero&utm_content=1028FT-E-NLETTER65
Brightline wanted the station at one location. TPO wants it at a slightly different location. So they are now arguing about that. Meanwhile there has been little progress in lining up funding beyond the $15.5 Million set aside by the TPO. Also they need a more concrete budget estimate which requires actually settling on a location and finalizing a design. The TPO funding is enough to take these steps but not to actually construct anything apparently.Brevard Council still has a semi-rural outlook and even though they did not oppose Brightline, actually getting off of building more roads and making progress on the railroad side appears to be still a bit out of their intellectual reachI'm confused - I thought Brightline was already moving towards a station in Cocoa on their own? That's the impression I've gotten from elsewhere, at least...
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