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."
That's great, except the bigger problem for these companies is that they still have yet to find financing for about $1 billion for the northern Brightline rail route.
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