Brightline Says Service Will Resume Q3 2021; Orlando Starts Late 2022, 10 Million Passengers By 2024

Brightline now says it is planning to keep its trains mothballed until at least the middle of 2021, but has revealed forecasted passenger volume and open dates for new stations.

The company told investors last week that they now expect to resume service between Miami, Fort Lauderdale and West Palm Beach in the third quarter of 2021, according to Bond Buyer.

Here’s a complete timeline of new and resumed service forecast by the company:

  • Miami-Fort Lauderdale-West Palm Beach (resumption) – Q3 2021
  • PortMiami (new station opening) – Q1 2022
  • Orlando-Miami (new service beginning) Q4 2022
  • Disney Springs (new station opening) Q4 2023

Brightline is now trying to convert $950 million in short term debt issued last year into long term bonds, in a deal expected to close today. The funds are being used to finance construction of the line to Orlando.

The company also expects that a deal for local commuter rail service will be highly profitable to investors.

Brightline said that after deals are concluded with Miami-Dade and Broward for local service, they should then be able to securitize the 30-year access fee with the government for $625 million.

Investors are also being told that there will be high levels of ridership and revenue within a few years.

Revenue from each passenger is expected to average $80 in 2024, the first full year of stabilized operations, according to Bloomberg.

In total, 9.9 million passengers are expected to ride the service in 2024, bringing a total of $792 million in revenue.

In 2019 (with Orlando not yet open and service not yet stabilized), Brightline had 1 million passengers with average revenue of about $22 per passenger.

 

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Anonymous
7 months ago

Really, really, really hope Tri Rail runs the commuter rail.

Simply nuts they haven’t resumed service. And yet the County keeps throwing $$$ at them.

Anonymous
7 months ago

Two weeks ago brightline publicly stated they would resume service Q1 2021.

Any deal the county negotiates for NE corridor needs to include projected ridership ticket costs, minimum frequency, and requirements for service, based on the rest of the network. If metrorail is in service, so should a NE corridor.

Anonymous
7 months ago

Dude, the BrightLine train route is new and still not complete yet. The citizens of Miami are ones who requested additional train stations along the N.E. corridor. Right now, because of Covid 19, the U.S. and it’s economy is in turmoil and BrightLine’s Train service has been halted. Until that’s solved, requesting BrightLine Trains show any projections in writing is pointless.

Shawn Kouri
7 months ago

Why would bright line suspend services that long? Come on now that doesn’t make sense. People need it for transit. Can somebody explain that to me?

Anonymous
7 months ago

COVID-19!!!!

Anonymous
7 months ago

Covid?? and how are trains any different from aircraft?

Anonymous
7 months ago

the government sent billions of cash to airlines.

Anonymous
7 months ago

Because they don’t make any money and Orlando is taking longer than they said.

Anonymous
7 months ago

And you just woked up yesterday and walked out of that cave.

Anonymous
7 months ago

Bright line isn’t public transit. It’s private transit, so it operates when profitable. The Miami route was only barely covering expenses with pre-covid ridership, and would be losing money big time right now. They know the real money is in the Orlando route so no point in bringing it back until they’re closer to that. They’ve laid off all their staff and are just lying in wait. They also weren’t going to meet the December 2020 PTC deadline from the FRA. That was quietly announced back in June so there’s no way they can resume service until they implement PTC on the entire line, and that takes months.

Anonymous
7 months ago

Bright line is public transit anyone who pays a fare can get on their trains just like metrorail.if they are going to disappear everytime we go through a financial crisis that means they are not reliable and should not be in the transportation business and they should move out of the way and let Tri rail operate their route.

Anonymous
7 months ago

Bingo!

Anonymous
7 months ago

“Bright line isn’t public transit. It’s private transit”

Dude, you stated something that went way over their heads.

Anonymous
7 months ago

“Why would bright line suspend services that long?”

We really don’t know how long bars, restaurants, and clubs will be closed so that’s a dumb question.

Anonymous
7 months ago

Exactly. Also what about the business that opened in the Miami station? Have they gone out of business, or moved out? This is very sad. It will be a huge challenge to attract new vendors of any consequence.

Anonymous
7 months ago

Super sad

Anonymous
7 months ago

They hemorrhage money in the best of times. Can;t risk opening until they’ve some reason to believe they won’t lose millions.

Anonymous
7 months ago

Have they even started constructing the port station?

Anonymous
7 months ago

not yet but boca and Aventura are being built.

Anonymous
7 months ago

Long-term investment.. not worried about short-term returns.

Anonymous
7 months ago

that means Tri rail won’t run to downtown until 2022 if they ever do

Marc
7 months ago

Ok, now open the Chick Fil A already!!!

Anonymous
7 months ago

Sign on door says they open Thursday the 17th. It was just posted this morning.

Anonymous
7 months ago

Open it NOW!!!

Azarius
7 months ago

This is sad news

Anonymous
7 months ago

Transit in Miami is counted in decades not years. Don’t believe any hype in Miami. The city/county, private/public partnerships for transit simply cannot accomplish anything.

Anonymous
7 months ago

Tickets for trains or metro rail are expensive. They can’t compare with uber. Thats the problem.

Anonymous
7 months ago

This company never hits any of their projections, whether its construction timelines or revenue targets. The LA to Vegas bond raise failed and so theyre back to inflating their Florida projections. Time for people to wake up.

Anonymous
7 months ago

No date for Aventura or Boca?

Captain Marvel
7 months ago

So if they plan to start July 1, when will they start hiring? They need time for recruiting, hiring, onboarding, training, etc. Why don’t reporters ask these questions?

Anonymous
7 months ago

Please North Easterners, hurry up and locate to Miami so the city can finally have some people who can think.

Anonymous
7 months ago

Are they a publicly traded company?

Anonymous
7 months ago

No, privately held.

Anonymous
7 months ago

What did I miss ? Is this spectacularly long delay due to Covid ?

Michael in Wilton manors
6 months ago

I’m very surprised it’s taking them this long to resume even a limited schedule just to get things rolling – not sure what the problem is – but they are going to lose customer loyalty by waiting so very Long – planes are flying, Amtrak is working, commuter rails all over are operating – maybe they will resume sooner……

Anonymous
7 months ago

By 2023, we’ll be lucky if Coastal Link has a Wynwood stop.

Edgwater Resident
7 months ago

By 2022 we will have a station in Wynwood at 27th Street. It is the crossroad of Wynwood, Edgewater and Midtown! Can’t wait!!

Anonymous
7 months ago

By 2045. The county talks, studies, pays consultants and accomplishes nada. Brightline is a huge scam as well.

Anonymous
7 months ago

Miami is pitiful with no direct train to downtown… Fort Lauderdale has it West Palm Beach has it….Sad

Anonymous
7 months ago

I don’t think Brightline is operating in Ft. Lauderdale or Palm Beach. I’m in downtown Ft. Lauderdale every day and don’t see the trains, like I did before.

Anonymous
7 months ago

I guess the government building downtown was just a mirage when I rode the MetroRail train to it then?