The state has been in secret talks to transfer the operations of the South Florida commuter rail line, Tri-Rail, to the Florida East Coast Railway, The Palm Beach Post has learned.
The FEC, owned by the $44 billion capital management firm Fortress Investment Group, wants to provide passenger service on its line, which cuts through downtowns along the southeast coast. Tri-Rail operates on the CSX Railway farther to the west.
Negotiations have been so quiet that even Tri-Rail board members have not been informed.
"This has been so cloak and dagger the way this is all working out," said Tri-Rail board Chairwoman Kristin Jacobs, a Broward County commissioner. "We’ve never had dealings with another public agency where we were not at the table." Story here.
Tri-Rail is a completely useless adn corrupt boondoggle that we taxpayers keep having to fund every year for no reason. Nobody rides it. Its a joke.
My main questin would be what fool would want to buy it.
Posted by: Mike | August 24, 2011 at 10:16 AM