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Brightline (reporting mark BLFX) is an intercity rail route in the United States that runs between Miami and Orlando, Florida. Part of the route runs on track owned and shared by the Florida East Coast Railway. Brightline is the only privately owned and operated intercity passenger railroad in the United States.
Brightline West is a privately run high-speed rail route, currently under construction, to link the Las Vegas Valley and Rancho Cucamonga in Greater Los Angeles through the California high desert. The line will connect with existing rail at Rancho Cucamonga station of Metrolink 's San Bernardino Line , a commuter rail line in Southern California.
Fortress Investment Group LLC was founded in 1998 in New York City as a private equity firm in 1998 by Wesley R. Edens, a former partner at BlackRock; Rob Kauffman, a managing director at UBS; Randal A. Nardone, also a managing director at UBS; Michael Novogratz, a former partner at Goldman Sachs; and Pete Briger, also a former partner at Goldman Sachs.
Brightline revenue increased 174% in 2023 compared to 2022, to $87.66 million from $31.97 million, including: $76.34 million for passenger and ancillary revenue, such as parking and food and beverages
Brightline received three low credit ratings this month as it shopped for a $2 billion loan to refinance its $4.94 billion debt and to fund reserves, expansion and financing costs.
Brightline will refinance some of its $4.94 billion debt with $2.2 billion in tax-exempt bonds the Florida Development Finance Corp. issued May 9, which will be due in 2053, according to a 2023 ...
The Florida East Coast Railway depot in Sebastian.The structure was built in 1893. Beginning in 1892, when landowners south of Daytona petitioned him to extend the railroad 80 miles (130 km) south, Flagler began laying new railroad tracks; no longer did he follow his traditional practice of purchasing existing railroads and merging them into his growing rail system.
Yahoo Finance compiled a list of the biggest publicly traded companies in each state and Washington, D.C., based on market cap and the location of companies' headquarters as of 2023.