by bostontrainguy
Someone should sue the counties for wasting taxpayer money!
Railroad Forums
Moderator: CRail
Rockingham Racer wrote:I would imagine once the bill comes due from the most recent defeat that they will reconsider any further expenditures.gokeefe wrote:A few more million in legal fees and they'll throw in the towel. What's the tab up to so far?
Martin County, 4 million [and the battle is over]
Indian River County, 3 million [and the battle continues with another million authorized]
Bonevalleyrailfan wrote:As I posted on another forum today, I happened to find a document online today that spells out the amount of money Virgin is investing in Brightline: $30-50 million. If this reflects the 3% figure that was reported previously, then Brightline appears to be valued at anywhere from $1-1.7Billion. I am surprised that Brightline is giving up their brand and allowing 1 of the 4 board of directors for the new company to be picked by Virgin for such a small amount of cash. Of course, Sir Branson is using what appears to be a shell company (Corvina Holdings) located in the British Virgin Islands to escape paying proper taxes. I understand he is known for this sort of stuff in the UK, so it's not unexpected.Brightline isn't really a brand, it's a company name. There's a huge difference.
https://www.sec.gov/Archives/edgar/data ... x10-73.htm" onclick="window.open(this.href);return false;
Gilbert B Norman wrote: Florida's Intangible Asset Tax (that tax has lots of loopholes, but I don't think PAB's is one of such).
andegold wrote:Gil, I'm pretty sure the Florida Intangibles Tax was repealed about ten years agoNot surprised, fellow CPA, Mr. Gold.
Gilbert B Norman wrote:I've said it before and I'll say it again; never in my 65+ years of following railroad industry affairs have I seen a passenger train initiative move forth as this. ... I fully expect to have an "all the way and back" joyride come January 27.I think we're finally at a state where it makes sense. Ownership of cars is far more expensive that it's ever been. Roads are busier than they've ever been. And fuel is no longer guaranteed cheap. Can't wait to hear about your trip!
eolesen wrote:Agreed, the name hasn't been around long enough to mean something. Virgin has, however, and their airline was once know for very good service.
Brightline isn't really a brand, it's a company name. There's a huge difference.
Gilbert B Norman wrote:Not much point in that Mr. Trainguy. Only winners would be the lawyers - and they know how to take care of themselves well enough.Probably much easier to vote the bums out next year. That money could've been spent on better crossings or a small station.
Bonevalleyrailfan wrote:I posted this elsewhere as well: More news about airlines (probably mostly international) interested in adding flights into MCO because of Brightline having a station at the airport. I know many people disagreed with the decision to have the main Orlando station at the airport.This just makes good sense. Orlando is so spread out that going downtown wouldn't make the same good sense it makes in Chicago or New York. Further, the airlines don't want to run short hops, it's usually not the profit maker that long hauls are (except the Shuttle). I hope to see more good thinking like this. I fly to Phoenix to visit my family in Tucson, and would love to see a Brightline. It's usually 2x cost to fly into Tucson, and many of the flights are PHX stopovers anyways. The airlines would love something like this, and all that open land between PHX and TUS would make the rail+realestate concept viable. Retirement and winter homes are easy to build on open land.
Jeff Smith wrote:Stuart or Fort Pierce? Virgin in process of deciding on Treasure Coast station: https://www.tcpalm.com/story/opinion/co ... 420736002/" onclick="window.open(this.href);return false;Thought Cocoa would be a better choice being near Port Canaveral cruiseport.
“We’re disappointed [with the ruling] but we’re discussing with outside counsel our options on how we move forward,” Kate Cotner, an assistant county attorney in Indian River County, told The Bond Buyer on Wednesday."Outside counsel" has probably indicated that further litigation will have "further expenses".