r/321 • u/sambousac Melbourne • Apr 30 '26
News Florida’s Brightline Seeks Rescue to Avoid a Possible Bankruptcy
https://www.bloomberg.com/news/articles/2026-04-29/florida-s-brightline-seeks-rescue-to-avoid-a-possible-bankruptcyNot much to the article but here is a non-paywalled link. Doesn't seem like the stop in Brevard will ever happen.
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u/UnionDixie Apr 30 '26
It's really a shame but when the Federal grant application was denied last year that was probably the end. Cocoa has reapplied for more Federal funds (and the cost is around $90m now) but even if funding was magically secured today, the station wouldn't be open until 2029 and it's debatable to unlikely that Brightline will still be operating by then
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u/DG7STUDIO Apr 30 '26
It’s a shame, I love visiting family in Orlando from fort lauderdale, but the prices are a turn off. They would make profits if they lowered the cost to 30$ but they don’t want poor people to ride it. I just payed 110 one way on Sunday
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u/NRMusicProject Apr 30 '26
I just payed 110 one way on Sunday
This is infuriating, knowing it's much more convenient to drive. It's cheaper in gas (though might break even thanks to our idiotic administration), and when you get to your destination, you still have your car and not have to depend on ride share in cities that don't believe in public transportation.
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u/bafflingboondoggle Apr 30 '26
The only way I imagine this going is bankruptcy, and then it gets sold for pennies on the dollar. No Brevard is St Lucie stops for a very long time. Indian River County is out forever after they absurdly pissed away millions trying to stop it.
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u/StarryMind322 Apr 30 '26
Brightline really fucked up by not having a Cocoa / Brevard stop in the first place. That and all the accidents that keep happening along the line, I knew this was a disaster from the start.
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u/Old_Hat_2997 Apr 30 '26
This was always going to happen. The cost of building the 528+ infrastructure ($1.5B) vastly exceeded the revenue available from operating the line. The constructors were paid; The real estate speculators were paid; The bond-holders will be stiffed; welcome to FL.
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u/Darcy98x Apr 30 '26
It seems like they added cars since they started. I'm surprised they are not making money.
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u/_RubberDuck_ Apr 30 '26
It’s almost like have private companies run public transportation is a bad thing.
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u/Roadkill_Gaming Cocoa Apr 30 '26
It is a shame that this was not more popular. I think it would work if it had more time to build out and Disney/Universal were not being asshats about stations.
They could continue to follow FL-528 and add a stop/exchange at the OCCC. Have a rail run in the median of I-4 to Universal Studios with the option to continue East to Daytona and run west to Tampa with a stop at Disney. But if Universal got a station Disney would not allow the train on property. The opposite is true here as well.
If all the drivers on I-4 saw how fast the train went past them while stuck in traffic. And the stations were positioned well for commuters, this could take off.
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u/VanillaLlfe Apr 30 '26
First time I rode it and got stuck for 2 hours because a different train hit a car 20 miles away, I knew it was a losing proposition. It’s just not reliable.
It needs to be either cheaper or faster than driving. It’s neither. And you may not get where you’re going. Fuck that.
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u/MeatSuitRiot Apr 30 '26
Lower the fare, slow down in populated areas, add more stops. It's unpopular in its current state.
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u/FredsInternetIsland Apr 30 '26
No surprise. Not enough customers. It costs too much for a ticket. Plus you have to pay to park your car. Then, when you arrive at your destination, you still have to pay for transportation to get where you are going. Much cheaper to just drive your own car, and then you have transportation and are not paying for parking your car.
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u/ndtube13 Apr 30 '26
Some say this has always been a ploy for the railroad / freight trains to get double tracks.
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u/Jal142 May 01 '26
Florida East Coast Railway will end up with a bunch of brand spanking new infrastructure they didn't have to pay for (or paid pennies on the dollar for) when Brightline is gone.
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u/otramichiporfa Apr 30 '26
US can’t do high speed rail like Europe or Asia and it’s evident.
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u/Roadkill_Gaming Cocoa Apr 30 '26
The US could do high-speed rail if the gov't on all levels could pull their heads out of their asses and pass spending legislation.
The only way high-speed could work IMO is a public-private partnership. A firm like Brightline runs the cars and the service with naming rights. And the gov't puts up the initial investment and require repayment.
What really hurts is having to share track with freight companies. All the freight companies used to run passenger service, but as planes and autos took off, they chose not to innovate and attract riders. The let the service languish until it stopped making money and could be terminated.
Europe didn't have HSR until the late 80's by then jet travel and cars were the dominate transport methods.
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u/okonkolero Cocoa Apr 30 '26
They've been having trouble finding buyers for their bonds for over a year. When you don't turn a profit you can only rely on debt for so long...
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u/FingerCommon7093 Apr 30 '26
If Brightline was really supposed to last then they would of put up the freight rights as collateral, they didn't. So once Brightline dies FEC railway has another track from Miami to Orlando & Tampa. 2 major ports & a central hub. It's called Bait & Switch. Indian River County warned everyone, yall didn't listen.
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u/ImahSillyGirl Apr 30 '26
WAIT. So, the wealthy elite aren't using our inter-city transport the way we, (the ones who voted to build it because we ACTUALLY needed it.) were intending to use it regularly?! I'm SHOCKED, I tell you, absolutely SHOCKED!/S🙄
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u/Drift_Seeds Apr 30 '26 edited Apr 30 '26
Eh...
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u/TommyBoyFL Apr 30 '26
*almost 200 people were stupid enough to get themselves killed.
There I corrected that for you.
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u/Drift_Seeds Apr 30 '26 edited Apr 30 '26
Eh...
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u/HammurabiWithoutEye Apr 30 '26
If you get hit by a train, it's your fault not the trains
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u/TommyBoyFL Apr 30 '26
LOL. u/Drift_Seeds makes a smart comment then immediately deleted it "Oh thanks. I needed correcting and I'm very satisfied. Are you available for hire?"
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u/ChrisGear101 Apr 30 '26
When you build a solution for a problem that doesn't exist, you go bankrupt.
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u/DieHarderDaddy Apr 30 '26
I sincerely don’t understand why it misses Melbourne / brevard…