The Real Deal Miami

All Aboard Florida’s tri-county stations to cost $210M

Private documents for rail project's bond offering obtained by multiple outlets
June 23, 2014 12:45PM

Rendering of All Aboard Florida's Miami station

Rendering of All Aboard Florida’s Miami station

All Aboard Florida expects to spend about $210 million to construct stations in Miami, Fort Lauderdale and West Palm Beach.

That construction price estimate is one of several disclosures All Aboard Florida made in a prospectus prepared in anticipation of a bond offering. All Aboard Florida is trying to secure $405 million in bond financing to cover more than half of the project’s $795 million first phase. The Miami station would cost $150 million; the Fort Lauderdale station $30 million and the West Palm Beach station $29 million.

All Aboard Florida filed a lawsuit to prevent the release of the bond documents to the public, but TC Palm and the Palm Beach Post were able to obtain them. Other disclosures include ticket costs ($30 for a Miami to West Palm Beach coach traveler; $20 for a Fort Lauderdale to West Palm Beach coach ticket), an anticipated schedule of 32 trains running each day starting in 2016 and construction beginning once the bond offering is set, according to the Palm Beach Post. The offering was finalized on Thursday. [Palm Beach Post]Eric Kalis