Virgin Trains to help finance Orlando track
Source：SEC.gov
From：Taiwan Trade Center Miami
Update Time：2019/04/24
Virgin Trains USA LLC bought the Florida passenger rail company Brightline late last year and has already announced a public offering of common stock expected by the company to be worth more than US$500M. The share of common stock starts as low as US$17-US$19 per share. So far, the venture has relied on private equity and federal tax-exempt bonds to finance it.
Virgin Trains will begin the construction of rail infrastructure from West Palm Beach to Orlando International Airport (MCO). Later on, the company will expand its passenger services from MCO to downtown Tampa. This public transportation development will move local economy in Florida at exponential rates. The train route Miami-Fort Lauderdale-West Palm Beach already shows a significant change in work commuting routes and an increase in entertainment expenses given that residents are more willing to explore neighborhoods.
Source：https://www.sec.gov/Archives/edgar/data/1737516/000114036118043289/s002218x4_s1.htm