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An Entrepreneur’s $9 Billion Bet On High-Speed Passenger Rail In America | Forbes

Published 1 year ago
By Forbes

Entrepreneur Wes Eden has a vision: tax-exempt bonds to create high-speed train lines linking Orlando to Miami and Las Vegas to Southern California. He sees a service modeled on the Paris-to-London Eurostar and is so confident the plan will work that he’s put more than $100 million of his own money into it. If things go right, his trains could haul nearly 20 million passengers in 2026, generate annual revenue of $1.6 billion and operating profit of almost $1 billion a year.

In a post-Covid world, as people settle in for a period of minimal travel, especially if it involves being squeezed among others, a bet on train service sounds downright crazy, especially since it comes with a $9 billion price tag.

Read the full profile on Forbes: https://www.forbes.com/sites/alanohnsman/2020/06/11/inside-a-wall-street-tycoons-plan-to-get-americans-off-the-highway—and-on-his-trains/#6eaf50cf7a04

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