
Florida has already acquired a dedicated right-of-way along the I-4 corridor where the rail line will go. This first phase of rail development will include stops at the Orlando Airport, in Orlando, at Disney, Lakeland and then Tampa. With speeds above 120 mph, which is certainly not as fast as bullet trains are running these days (China’s averages 217 mph), this will still be faster than driving by car. The 85 mile trip should take less than an hour, and will also provide better transportation for tourists trying to get to Disneyworld without having to rent a car.
Florida anticipates the first phase of their rail line will cost $3.5 billion, and they are currently raising money from private investors (I.e raising taxes) to cover the remaining billion after they receive the stimulus funding. Construction is set to be completed and trains running by 2014. And now, Obama needs to decide where the rest of the $8 billion in stimulus funding will go. Given the length of phase one and it's cost, which is 3.5 billion, how will we pay for the other phases with only 8billion left? (hint...they're gonna tax our asses off)
