Fortress Investment Group has some big news to share regarding their rail line called Brightline. The well known rail line will now be partnering with Virgin Group founded by Richard Branson in 2019. This partnership is major for residents of Florida and is the start of much growth for the company.
The partnership with Virgin Group will include what is called a minority investment with Fortress Investment Group. This means that Fortress will still keep the majority of the company, making the investment very strategic and straightforward. Fortress also plans to give Brightline a new name to confirm their brand new alliance. Virgin Trains USA will replace the origin brand and is expected to be set in stone some time in 2019. More Business News at businesswire.com
Brightline trains are currently in operation throughout Florida including West Palm Beach, Miami and Fort Lauderdale. Once the rail line is renamed, it will start to service Tampa as well as Orlando. This is great news for commuters who have been wanting to travel to other cities in Florida. In addition, Fortress Investment Group also plans to build a high speed rail system which will make travel to Southern California and Las Vegas accessible.
The great thing about this partnership is that millions of customers across the region will be able to enjoy other businesses by Virgin Group. These other companies include Virgin Hotels, Voyages and Atlantic. Brightline will also expand its rails to Orlando with a whopping 1.75 billion in tax exempt bonds. This comes at such a great time as over 100,000 people ride the train as reported back in October. Passengers will not have access to more services and features thanks to this merger.
This major partnership between Fortress Investment Group and Virgin Group is significant as Virgin has experience operating railroads. Virgin Group’s high speed intercity passenger rail system has currently been operating for 21 years. Founders of Fortress Investment Group are thrilled at the new partnership and what lies ahead for the company. All those who are interested in more information regarding this new business venture are encouraged to contact the companies’ websites.