who co-founded Fortress Investment Group also co-owns the NBA’s Milwaukee Bucks, English Premier League’s Aston Villa football club and has a growing energy business that’s expanding from liquefied natural gas exports to making green hydrogen. He also thinks he’s figured out how to become something the U.S. has never seen: a high-speed rail baron.
Brightline’s cost estimate of about $55 million per mile of track is in line with international cost estimates for new high-speed rail projects, Goldwyn said. Whether it can really be built for just $12 billion in less than five years remains to be seen. Power for the West Coast line will be supplied by massive solar farms that sprawl across California and Nevada desert and geothermal energy from. Brightline is currently negotiating power purchase agreements with independent producers and regional utilities.
The company, California’s Department of Fish and Wildlife and California Department of Transportationfor three crossing points to address the matter in February. That will add some cost to the project, said Edens, who estimates Brightline has spent $600 million so far for planning and engineering costs ahead of construction.
“I am deeply concerned that there are numerous ways that this agreement could dissolve due to any lack of requisite funding, potential project delays beyond the two-year life of the agreement,” Feinstein said in a “You'll move about 3 million cars off the road. That's 20% of the current car traffic between Vegas and L.A.,” Edens said. “This thing creates the blueprint for how you replicate this in 20 different places around the country or more.”