A $400 million bond sale has started to fund a swift rail link between Orlando and Tampa. The new trains would cut the trip to just one hour. These tax-exempt bonds start with $150 million, paying 6.5% for 28 years.
“It’s a big part of our future, right? We love Tampa. Tampa’s the next big market for us,” said Brightline CEO Mike Reininger per thatssotampa.com. “You connect Tampa to the rest of this system, and suddenly 75% of the state is within proximity to a Brightline train. We like that a lot.”
This marks the next step in connecting Florida’s cities, adding to current routes from Miami through Fort Lauderdale and West Palm Beach to Orlando. Workers will upgrade tracks along I-4…