Posted Mar 3, 2023, 12:30 AM
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Join Date: Dec 2022
Posts: 50
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Quote:
Originally Posted by montydawg
Well, the economics of running a passenger railroad are not favorable to freight- so I believe CSX and NS are out. Nearly all countries, including China, are subsidizing the passenger railroad networks. Bright line plans on making a good chunk of their money on real estate. They purchased large chunks of land before stations were announced and plans leases on those plots and other like deals. Being bright line is more or less run by the existing railroad down the coast, FEC, who already owns the land, the economics were favorable since they already own the track. Florida also has a lot of density along a straight line, which is not really the case in atlanta outside peach tree street. I think any railroad in Georgia will need to be subsidized by the government, as any railroad with a slight chance of being profitable is being persued by private companies now.
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Been thinking this over a bit. So is Brightline using their real estate to build TOD type stuff, or sell off to developers who will want to? Any recs for reading up their business model and finances?
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