But if voters go for the idea in the Nov. 7 elections, Florida would be compelled to build the largest public-works project in its 181-year-old history. An estimated 50 acres or two million sf of right-of-way land would be needed for the system.
Worse, say state road officials, the $5-billion enterprise would decimate Gov. Jeb Bush's planned 10-year, $2.5 billion transportation improvement program for state-wide communities.
The bullet train proposal has been in the wings for at least 10 years. The idea never got off the ground because no private developer could ever calculate how to pay for the job.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.