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Rusty Roberts, Vice President – Corporate Development Florida East Coast Industries AASHTO: Standing Committee on Rail Transportation General Session: Innovative Finance for Passenger Rail Tuesday, September 24, 2013. TRANSFORMING FLORIDA. COMMERCIAL REAL ESTATE. LOGISTICS SOLUTIONS.
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Rusty Roberts, Vice President – Corporate Development Florida East Coast Industries AASHTO: Standing Committee on Rail Transportation General Session: Innovative Finance for Passenger Rail Tuesday, September 24, 2013
TRANSFORMING FLORIDA COMMERCIAL REAL ESTATE LOGISTICS SOLUTIONS PASSENGER RAIL ROW MANAGEMENT
A NEW IDEA… Orlando EFFORTLESS ECONOMIC DEVELOPMENT GUEST EXPERIENCE DESTINATION West Palm Beach TRANSFORMATIVE CONNECTIVITY MOBILITY Fort Lauderdale Seamless ENVIRONMENTALLY FRIENDLY HOSPITALITY Miami FUNCTIONAL FLEXIBILITY time PIONEERING
ROOTED IN HISTORY 4
1890’s INFRASTRUCTURE BACKBONE CATALYZES DEVELOPMENT OF FLORIDA Jacksonville West Palm Beach Miami Key West
EXPRESS INTERCITY PASSENGER RAIL Orlando FAST FORWARD West Palm Beach Fort Lauderdale TO TODAY Miami
IMAGINE A FASTER, RELIABLE & MORE CONVENIENT WAYTO TRAVEL • 3 hour trip between downtown Miami and Orlando • Hourly scheduled service starting in the morning with late departures • Consistentand competitive service
MORE THAN 50M CURRENT TRAVELERS EXPERIENCECHALLENGING OPTIONS Travel by car is unpredictable Travel by planeis uncontrollable
Orlando 19M+ POPULATION 55M ORLANDO West Palm Beach VISITORS Fort Lauderdale Miami MIAMI 39M AIR PASSENGERS
A product designed specifically for a targeted market combining TRAVEL, LEISURE & ENTERTAINMENT • Center city locations • Custom designed coaches & services • Intermodal connectivity
SUCCESS FACTORS 3 EXISTINGTRANSPORTATIONCORRIDOR HOUR TRAVEL TIME ADVANCED, CONVENTIONAL TECHNOLOGY
REVITALIZING NORTH OF BROWARD BOULEVARD FORT LAUDERDALE-
CONNECTING TWO MAJOR DOWNTOWN DESTINATIONS WEST PALM BEACH – 11
ALL ABOARD FLORIDAWILL… Revitalizethe economy and create thousands of jobs Removeup to three million cars from Florida’s roads annually and offer a convenient transportation alternative Createtens of thousands of jobs Ignitethe entrepreneurial spirit through a privately funded, operated and maintained business model
COMPLETED & ONGOING ACTIVITIES • Finalized investment grade ridership study, engineering and environmental reviews • Completed Environmental Assessment for Miami to West Palm Beach segment and received Finding of No Significant Impact Statement in January 2013 • Hired key management • Announced West Palm Beach station location • More than 350 meetings and presentations with elected officials, business organizations, civic groups and municipal/county staff • Finalized negotiations with FDOT and OOCEA for access to SR 528 right of way
NEXT STEPS • Environmental Impact Statement Process currently underway for West Palm Beach-to-Orlando segment • Five public meetings/open houses held at various locations throughout corridor in May • More than 550 attendees • Finalize agreement with the Greater Orlando Aviation Authority • Select rolling stock provider and engage third party operating partner • Coordinate with municipalities/counties on planned infrastructure improvements • Begin rail infrastructure and station construction
WHAT MAKES US DIFFERENT TRAVEL UNBURDENED Carry less and worry less. We take the stress out of travel. TRAVEL UNINTERRUPTED Every moment of your time is valuable. You’re free to use it as you want. TRAVEL UNBUCKLED Stretch out and move around with a new level of onboard freedom. TRAVEL UNCOMPLICATED A door-to-door trip that’s so easy you’ll never miss your car.