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More Private Companies Are Investing In Passenger Rail - Here's Why

29 Aug 2023 | Abstracted from Marketplace

"The company developing the new route [in Florida] also owns the tracks, and a bunch of nearby real estate..This was a real estate development project for them...as they built out the rail, they built out apartments and condominiums. That gave the company built-in ridership.

"...there's a wild card: Climate change...You've got to make sure that the infrastructure that is being built now is going to be resilient. Not just for today, but for a warmer climate going forward."



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