Wednesday, August 02, 2006
A commuter rail train is coming to Central Florida to relieve one of the nation's most congested areas. The train from Debary to Downtown Orlando will be completed by 2009. Most funding, construction and designs issues have been worked out. Governor Jeb Bush is expected to announce the nearly $500 million deal today. Funding is coming from all levels Federal (50%), State (25%), and County (25%) contribution. FDOT will oversee design, construction and operation of the rail system. Jeb Bush is expected to annouce the deal with CSX transportation which own 61 miles of track. The state is going to buy the tracks in exchange for improvment with greater capacity for CSX. The rail from Debary to Downtown Orlando already exist, there is future plans to build rails in Volusia and Osceola counties. Nearly 30,000 residents commute from Volusia county to Orlando. This will not only create transportation alternatives for Central Florida residents, but create new possibilites for housing and retail development around transit stations in Volusia, Seminole, Orange, and Osceola counties. Courtesy of Orlando Sentinel 8/2/06.
Posted by Buyers Broker of Florida at 10:16:00 AM