February 8, 2012

Report: Fla. high-speed rail would have been profitable

TAMPA, Fla. — A Florida Department of Transportation report says that the high-speed rail project that Gov. Rick Scott canceled last year by rejecting $2 billion in federal funds would have made an annual surplus of $31 million to $45 million within ten years of operation, Tampa Bay Online reported.

The report analyzed projected ridership, costs and the resulting surplus or loss, and concluded that the project would have been a fiscally sound decision. For the full story, click here.

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  • R Troy[ February 9th, 2012 @ 12:57pm ]

    If I understood that proposal correctly, no one could explain a need for hi speed rail between Orlando and the Gulf of Mexico. What is urgently needed there is 1. fast, easy rail connections from Orlando Airport to Orlando and all the major area theme parks and hotel clusters. 2. Hi speed rail from Orlando to Miami and perhaps to Port Canaveral (and Kennedy Space Center). Hi speed rail is a great idea - if done where there is actually use for it.

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