WebNov 16, 2024 · Virgin Group invests in Brightline, will rebrand as “Virgin Trains USA”. Virgin will take a minority stake in Brightline, Fortress Investment Group will retain majority ownership. Nov 16, 2024 ... WebAug 8, 2024 · Brightline had already sold $3.2 billion of tax-exempt debt for the project. A bond due in 2049 traded Aug. 5 at an average yield of 7.88%, a record high, according to data compiled by Bloomberg....
Brightline All Aboard Florida Fortress Investment Group
WebNov 5, 2024 · Brightline Holdings is looking to sell $1 billion in additional tax-exempt private activity bonds, Bloomberg L.P. reported on Nov. 4; the move would primarily finance the private-sector passenger rail operator’s new Miami to Orlando, Fla., line. The Phase 2, 170-mile extension to Orlando is slated to be complete by the end of 2024 (see map below). WebJul 26, 2024 · The New York-based Fortress Investment Group, which owns FECI, has made real estate investments around Brightline stations a major piece of its strategy. The firm put five parcels in Fort Lauderdale and Miami on the market earlier this year, the South Florida Business Journal reported. Fortress Investment Group tapped Cushman & … allcare zafarano
Fortress to Finalize Vegas Rail Line Financing in Six Months - Bloomberg
WebMoreover, FECI parent Fortress Investment Group is exploring the possibility of replicating the Brightline model of operating privately run express passenger-rail service in other U.S. locations. WebNov 28, 2024 · Executives of Brightline and its parent, Fortress Investment Group, will continue to manage and operate the train, the first new major private intercity passenger rail in over a century. WebJan 20, 2024 · Last year, Brightline announced that Fortress Investment Group, its parent company, had put the brakes on the $8 billion privately financed XpressWest project when it could not complete financing. all care wollongong