SouthernRailway wrote:I'm not sure how having a potential $1 billion liability for funds to start the passenger service, and a potential new line of business with, at best, untested financial returns, is a good thing for a potential sale.
Wholly agree, Mr. Southern; I'm certain that if there were anything on the table regarding the sale of the FEC to a private sector party, this passenger train initiative simply would "have never been".
But to reiterate, with the top heavy debt capitalization, I don't think a private sector party is too interested; therefore, with the committment being made to have the post-PANAMAX Port of Miami something beyond where the Love Tubs tie up, the State has a vested interest in the FEC remaining a viable, and independent, line. Even if either NS or CSX were "interested" (and again with the debt structure, I doubt if they are), the public sector party that is bankrolling the improvements to Miami, wants to be able to tout to the maritime industry "we have competitive rail routings" (never mind such is 350 miles away). If FEC ever got into CSX or NS hands, either would have no reason to provide good service as they collectively serve every major East Coast port as is. FEC would simply become a long branch line and maybe even abandoned.
This passenger train initiative simply makes for "good press' in an effort to sell the line to a public agency in a "(psgr) train hating' state. But once a sale is closed upon, I somehow think not too much further will be heard.
Just those two copper things in my pocket doing the talkin'.