Quote:
Originally Posted by Lakelander
Also, don't be surprised if FEC uses this new rail line to open themselves up to the Orlando market for freight service. The new line will get them on the same track used to get coal unit trains to the Staton Energy Center and industrial zoned property on the southside of the airport. Also, as a part of the Sunrail deal, the State purchased all of the track in Orlando from CSX. I predict FEC will make a killing on this. However, that profit will come in the form of real estate development and new freight customers.
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Exactly, Lakelander. Their real estate holdings and potential development rights alone could very well actually subsidize any possible losses on the passenger rail side, but this sounds like a win-win all the way. The nine acres of raw land in the heart of Miami that they already own could be nothing less than a huge goldmine - and I totally agree with you on the potential $$$ that may be realized with the freight potential to metro Orlando.
Sounds like some pretty serious due diligence has been employed here. This is very exciting.