All Aboard Florida Will Bring $6 Billion to State, Study Says

all-aboard-florida-pic-2.jpg
via All Aboard Florida
A local economic consulting firm released a study on Wednesday that says All Aboard Florida will add nearly $2.4 billion in jobs over the next eight years to Florida, and $653 million in tax revenue.

All Aboard Florida, which is a private rail service that plans on running a passenger train from Miami to Orlando with stops in Fort Lauderdale and West Palm Beach, hired Coral Gables-based The Washington Economics Group Inc., to study the overall impact to the state.

And, as far as the group is concerned, it's all positive for Florida.

See also: All Aboard Florida Addresses Noise Concerns in Letter to Congressman Patrick Murphy

Among other things, the study says that the rail system would improve the existing rails laid down by Henry Flagler back in the 1890s through private investors. The study also claims that the state's roads and overall environment will be improved, calculating that around 3 million vehicles will be eliminated -- not to mention traffic congestion -- from the roads as a result of the rail system.

The study also says that downtown centers would be revitalized, particularly in Fort Lauderdale and West Palm Beach, with stations located in both cities.

The Fort Lauderdale station would bring over 300 jobs and more than $121 million in labor income. Overall, Broward County would see 488 added jobs, and $54.8 million in labor income, according to the study.

The West Palm Beach station would create more than 170 jobs, with Palm Beach County seeing 952 overall jobs, and $107 million in labor income.

Of course, All Aboard Florida is being met with some resistance, particularly in Broward County.

Just last month, the railway company was forced to answer concerned brought up by Congressman Patrick E. Murphy over the noise pollution the 110-mph trains and their blaring horns would potentially bring, and the cost of erecting quiet zones.

All Aboard Florida answered by citing an environmental assessment study by the Federal Railroad Administration that found "no significant impact" in the route between Miami and West Palm Beach. The company also said the remainder of the proposed corridor is subject of an ongoing environmental impact statement.

The Federal Rail Administration is expected to release a full environmental impact study very soon.

The railway is also facing scrutiny from Fort Lauderdale boaters, who fear the rails will mean longer wait times at bridges and crossings, such as New River. The U.S. Coast Guard is also expected to weigh in on the rail system.

All Aboard Florida, which is owned by Florida East Coast Industries, plans to launch the passenger service in 2016.

Weg Economic Impact Summary by Chris Joseph


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5 comments
riverrat69
riverrat69 topcommenter

So WEG's Tony Villamil, board member of Enterprise Florida Inc., one of Rick Scott's primary ways of feeding public tax money to private enterprise is bullshitting the residents of Florida again. These assholes in Tallahassee just can't help themselves from doling out corporate welfare. All Aboard Florida is all aboard the taxpayers.

chrswalker93
chrswalker93

@riverrat69 Get a clue please. AAF is a privately financed project. The loan that they are receiving from the FEDERAL (not Tallahassee) must be paid back (hence the world loan). FECI has to put up collateral in case they can't pay back the loan. 


Meanwhile, the federal Highway Trust fund had to be bailed out in 2008, because roads are nowhere close to paying for themselves.

riverrat69
riverrat69 topcommenter

@chrswalker93 @riverrat69 You get a clue:

February 17, 2014|By Dan Tracy, Orlando Sentinel

Gov. Rick Scott announced this afternoon at Orlando International Airport that he intends to spend up $215 million in state money to build a new station at OIA that could house several trains, including a privately financed one that would link Central and South Florida.

Scott has set aside $123 million in his budget this year. The remainder would come next year, if he is re-elected.

   State money. FloriDUH taxpayers.

riverrat69
riverrat69 topcommenter

@chrswalker93 @riverrat69 Check what? It's still $215 million in FloriDUH taxpayers money for private enterprise. Public money for private business.

chrswalker93
chrswalker93

@riverrat69 Check again. The deal is for an intermodal hub at OIA. One of the benefactors is All Aboard Florida, but the $200 million will also go toward a new parking garage, and a people mover to connect the north terminal with the south terminal. 

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