Friday, May 29, 2015

Sun Sentinel: "All Aboard Florida expects 5.3 million riders by 2020"

That's a lot of cars off the road, don't you think? Michael Turnbell reports these numbers from All Aboard Florida (AAF):
     The planned passenger rail service, set to begin running in 2017, would initially see about 1 million riders a year, ramping up to 5.3 million a year by 2020 and 7 million by 2030, according the report prepared by the Louis Berger Group.
     Revenues are projected to be $293 million a year in 2020, rising to $400 million by 2030.
    The numbers offer the first public glimpse into the viability of All Aboard Florida's plans, which include running 32 trains a day — 16 each way — starting in early 2017 between Miami and West Palm Beach. A second leg is planned from West Palm Beach to Orlando.
   
 "When we're putting as much money into this as we're risking, not based on a delusional belief about something, you want to be very confident that the economic outcome is reliable and based on a conservative outlook," said Michael Reininger, president of All Aboard Florida.