Privately financed and built passenger rail service? Someone is going to give it a shot!

This is going to be very interesting if it proves to be profitable:

"In late March, Florida East Coast Industries (FECI) announced plans to build “All Aboard Florida,” a private passenger rail line that would connect Jacksonville, Miami, Tampa and Orlando. At least for now, FECI is planning to do this without government subsidies — which could make this the first self-funding passenger rail line in the United States in half a century."

This company has a lot of things going for it, as the post mentions, such as ownership of rights of way, faster and lighter freight service existing on those tracks (as opposed to the normally slow and heavy freight service), and real estate holdings near the proposed downtown Miami station that could see an increase in value with a new station.

And oh by the way, it could also prove to be a vital first step in catching up with the rest of the world that has left us behind in rail service. You know, because we "invest" in roads and highways but "subsidize" rail, which is essentially the same thing.