Loading...
HomeMy WebLinkAboutCity of Miami Presentation 06-28-12Miami - Orlando Passenger Rail Project Overview <<I J1'Florida East Coast INDUSTRIES ALL ABOARD FLORIDA The Historical Significance of Florida East Coast Industries Henry Flagler transformed Florida when he built his railroad — FEC Railway connected cities along the east coast of Florida — Introduced freight and passenger service — Provided economic development opportunities — Stations were tied to real estate development (e.g. hotels) — Existing right-of-way can be leveraged to provide a transportation alternative — Reintroduction of passenger service has been discussed for decades ZZTBOARD FLORIDA Henry Morrison Flagler 2 Executive Summary FECI is building a privately owned, operated and maintained intercity passenger rail system from South Florida to Orlando — System will travel 240 miles • Tracks already in place for 200 of the 240 miles — Stations in Miami, Fort Lauderdale, West Palm Beach and Orlando — Significant transit oriented development opportunities — Operational in 2014 JZZOARD FLORIDA JACKSONVtLLE TAM PA • ORLANDO WEST PALM BEACH FORT LAUDERDALE 11111111111111111146 MIAMI 3 Service Offering Faster, cheaper, cleaner, safer and more enjoyable than other modes of transportation — Up to 110 m.p.h.; possibly 125 m.p.h. — Frequent, regularly scheduled round trip trains (potential service hours: 6 a.m. to 9 p.m. departures) — High quality of service • First and economy classes • Wi-Fi • Quality meal service • Downtown departure locations ALL ABOARD FLOR/DA 4 Market Opportunity Orlando - South Florida: One of the most compelling markets in the U.S. for intercity passenger rail - Approximately 50 million people transit the corridor annually1 • 95% travel by car • 4+ hour average drive on highly congested roads versus 3 hours via All Aboard Florida - Other market factors: • Orlando is the most visited city in the nation with 52 million visitors annually • Orlando is home to one of the largest convention centers in the country with over 1.5 million annual visitors • University of Central Florida (located in Orlando) is the second largest university in the U.S. • Miami - Dade County is the most populous county in Florida; 7th most populous county in the U.S. • Miami is the cruise ship capital of the world; Port Everglades is a major cruise port as well • -70% of the State's population will be served by the train once all phases built iZBOARDLORIDA (1> Excludes travelers transiting within counties or between adjacent counties Due Diligence Phase Announcement on March 22 allowed All Aboard Florida to begin stakeholder discussions and complete due diligence phase — Engineering — Ongoing work to determine route alignment, travel time, and construction cost (via a 30% design of system) — Investment grade ridership study — Environmental — Identifying station locations — Rolling stock options On track for early summer completion of due diligence phase Due diligence costs being borne by private sector -101010111.1.. ZrBORDFLORIDA 6 Service Offering will tie into Existing and Future Infrastructure — 4 stations with significant transit oriented development opportunities — Direct connections to Metrorail (MIA), SunRail (ORL), Miami People Mover, future Fast Start/SFECC passenger rail service (South Florida), and future Wave service (Fort Lauderdale) Express connection to existing Tri-Rail service and Amtrak stations — Access to 4 international airports and 3 seaports Significant additional ridership with potential future extension to Tampa and Jacksonville Other passenger rail projects can still function in existing right-of-way (e.g. Fast Start, SFECC or Amtrak) ALL ABOARD FLOR/DA Future Miami Station ....47------LLABOARD FLORIDA Impact on Florida The creation of an intercity passenger rail network in Florida will have a transformational effect on the state Immediate Benefits Additional Benefits ■ Over 1,200 new construction jobs ■ Over 400 new permanent jobs ■ Substantial environmental benefits ■ Relieve road congestion ■ Reduce accidents ■ Decrease highway maintenance ■ 1,000's of additional indirect jobs ■ Increase in property values ■ Increased opportunities for tourism, employment and development // .,,,,,__,..,-,-,_, ...._. ....,4_ ALL ABOARD FLORIDA 9 Project Timeline and Costs Timeline — Released public announcement of the project March 22, 2012 — Ridership, engineering, and environmental review complete: Q2 2012 — Final corridor selection and funding: 3Q and 4Q 2012 — Construction commence: 2013 — Operational: 2014 Total Project Costs: Approximately $1 billion — New track — Road crossing and signal upgrades — Rolling stock — Station development 4ZiABOARD FLOR/DA 10