Cost to Taxpayers

AMERICA'S FIRST BULLET TRAIN IS A FAILURE AND IT HASN'T EVEN BEEN BUILT

AFTER THREE YEARS SINCE ITS UNVEILING, IT IS BECOMING CLEAR THAT THE TEXAS CENTRAL PARTNER'S BULLET TRAIN IS NOT WHAT IT WAS THOUGHT TO BE. This ambitious project may have appeared phenomenal on paper, but the plans are riddled with errors, stricken with financing complications, and projected sales just don't add up.

Texas Central Partner has indicated that they plan to apply for Railroad Rehabilitation and Investment Financing (RRIF) loans, which is a federally funded taxpayer subsidy. This means that taxpayers would ultimately have to pay the entire value of the loans.

BRIGHTLINE DERAILMENT CAUSED 408K OF DAMAGE IN FEBRUARY SAYS REPORT

A BRIGHTLINE TEST TRAIN DERAILED IN WEST PALM BEACH, FL ON FEBRUARY 11 AND CAUSED OVER $400,000 IN DAMAGES, SAYS A REPORT FILED WITH THE FEDERAL RAILROAD ADMINISTRATION. According to the report, around $408,000 in damages were reported to the train equipment and around $206 of track damage.

Read here for more.

ALL ABOARD FLORIDA HAS REQUESTED $1.75 BILLION FEDERAL LOAN, WOULD LIKELY DEFAULT, OPPONENTS SAY

IT'S LIKELY "SPECULATIVE START-UP VENTURE" ALL ABOARD FLORIDA WOULD DEFAULT ON A FEDERAL LOAN, TREASURE COAST RAIL OPPONENTS SAID MONDAY IN IT'S LETTER TO THE U.S. DEPARTMENT OF TRANSPORTATION.

This letter asked the DOT to carefully consider AAF's risky finances before providing a loan. Originally, AAF sought a $1.6 billion loan to finance its Miami-to-Orlando passenger railroad.

LETTER TO USDOT: FEDERAL LOAN FOR ALL ABOARD FLORIDA IS TOO RISKY

COUPLED WITH CITIZENS AGAINST RAIL EXPANSION (CARE FL), INDIAN RIVER AND MARTIN, FLORIDA COUNTIES HAVE SENT A LETTER TO THE U.S. DEPARTMENT OF TRANSPORTATION (USDOT) AND THE USDOT CREDIT COUNCIL ABOUT ALL ABOARD FLORIDA'S (AAF) HIGH-SPEED PASSENGER RAIL SERVICE.

SUSAN MEHIEL - TRAIN WRECK TIMES - ALL ABOARD FLORIDA IS REALLY ALL ABOUT REAL ESTATE

Well, a couple of things have come across the transom as of late and although we were taking a hiatus from publishing the TWT, we decided that periodic updates might not be a bad idea.

Here are a couple of items of note as we continue to wait for more movement on the corporate selling of FECR and Fortress Investment Group. Following those items is important information for our entire region that is related to AAF development while not specifically a part of the war. We thought everyone should be aware of what’s happening, as we speak, in their counties along the Treasure Coast.

PARENT COMPANY OF ALL ABOARD FLORIDA ANNOUNCES TRAIN-ORIENTED HOUSING TOWERS

FLORIDA EAST COAST INDUSTRIES, PARENT COMPANY OF ALL ABOARD FLORIDA, HAS ANNOUNCED IT IS DEVELOPING TWO LUXURY HOUSING TOWERS ADJACENT TO AAF'S TRAIN STATIONS. Although these may be a significant revenue opportunity, we have to ask: how will it ever make money?

Florida East Coast Industries Vice President Daniel Quintana pledged that these "transit options just steps away from their front door, including our new Brightline train service that will seamlessly connect Miami, Fort Lauderdale and West Palm Beach."

BRIAN MAST AND BRIGHTLINE EXEC CLASH OVER MONEY FOR RAILROAD

Treasure Coast's U.S. Representative Brian Mast and key railroad executive, Mike Reininger, behind AAF's Brightline high-speed passenger rail clashed in Congress yesterday with Mast contending the company is getting public tax dollar subsidies despite claims to the contrary.

$160 MILLION RAILROAD CROSSING UPGRADES FOR MARTIN COUNTY

A proposal for digging a trench under the railroad tracks at Monterey Road and building an overpass over the tracks at Indian Street in Martin County would make those crossings safer for traffic but would come with hefty price tags.

This is only part of a $160 million package of railroad crossing upgrades sought by county officials.

"I think this grade separation on Indian Street is already too costly," committee member Joe Capra said. "The one on Monterey is going to be a nightmare for this community."

THE REAL SAFETY ISSUES AND COST BURDENS RELATED TO THE AAF HIGH SPEED RAIL PROJECT

Unique Safety Issues and Cost Burdens Related to the AAF High Speed Rail Project March 28, 2017

Executive Summary: The proposed AAF high speed passenger rail system through the Treasure Coast counties of Indian River, St. Lucie and Martin is unique among passenger rail systems in the U.S. in several ways:

1) No other U.S. passenger rail system combines 110 mph passenger trains and 70 mph freight operating through such densely populated urban areas and along coastal recreation areas with such a high concentration of tourists and seasonal visitors.