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Press Releases/ Brightline Announces Expi...

Brightline Announces Expiration and Results of its Debt Tender Offers

December 21, 2020

Miami, Fla.-- Brightline Holdings LLC (the “Company” or “Brightline”) today announced the expiration and results for its previously announced tender offers (the “Tender Offers”) to purchase for cash up to an Aggregate Maximum Repurchase Amount of $225,220,000 (increased from $225,000,000) for the securities listed in the table below (collectively, the “Securities”), exclusive of Accrued Interest. The Company increased the Tranche Tender Cap for the 2024 Tranche to $75,045,000 (from $75,000,000) and for the 2029 Tranche to $150,175,000 (from $150,000,000) and correspondingly the Aggregate Maximum Repurchase Amount as set forth above. Such increases were made so that the Company will purchase $225 million aggregate principal amount of the Securities after giving effect to the proration terms outlined in the Offer to Purchase (as defined below). The Tender Offers were made pursuant to the terms and conditions set forth in the offer to purchase, dated November 30, 2020 (the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

As of the previously announced expiration date and time of 11:59 p.m., New York City time, on December 18, 2020 (the “Expiration Date”), according to information provided by Globic Advisors, the tender and information agent for the Tender Offers, a total of $1,150,835,000 aggregate principal amount of Securities had been validly tendered and not validly withdrawn in the Tender Offers. Withdrawal rights for the Securities expired at 11:59 p.m., New York City time, on December 18, 2020. The table below sets forth the aggregate principal amount and percentage of the Securities validly tendered and not validly withdrawn by the Expiration Date that will be accepted for purchase by the Company.

Security(a)(b)

Mandatory Tender Date

CUSIP Number

Principal Amount Previously Outstanding

Tranche Tender Cap

Principal

Amount

Tendered

Percent Tendered of Amount Outstanding

Principal Amount to be Purchased(c)

Tender Offer Consideration(d)

6.250% Series 2019A Bonds due 2049

(the “2024 Tranche”)

January 1, 2024

34061YAB6

$250,000,000

$75,045,000

 

 

$207,580,000

 

 

83.03%

 

 

$75,000,000

$1,000.00

6.500% Series 2019A Bonds due 2049

(the “2029 Tranche”)

January 1, 2029

34061YAD2

$1,000,000,000

$150,175,000

 

 

$943,255,000

 

 

94.33%

 

 

$150,000,000

$1,000.00

(a)     Each tranche of Securities is part of the $1.75 billion Florida Development Finance Corporation Surface Transportation Facility Revenue Bonds (Brightline Florida Passenger Rail Project), Series 2019A issued by the Florida Development Finance Corporation (“FDFC”), pursuant to an Indenture of Trust, dated as of April 18, 2019 (as amended and supplemented, the “Indenture”), between the FDFC and Deutsche Bank National Trust Company, as trustee (the “Trustee”). The proceeds of the Securities were loaned to Brightline Trains Florida LLC (f/k/a Virgin Trains USA Florida LLC) (the “Florida PABs Borrower”) pursuant to a senior loan agreement.

(b)     The offers with respect to each tranche of Securities were subject to an Aggregate Maximum Repurchase Amount of up to $225,220,000.  The Company, the indirect parent of the Florida PABs Borrower, will not allocate the Aggregate Maximum Repurchase Amount between the tranches of Securities. Each tranche of Securities was subject to the applicable Tranche Tender Cap independent of the other Tranche Tender Cap.

(c)     Reflects the aggregate principal amount of Securities to be purchased after giving effect to the proration terms in the Offer to Purchase.

(d)     The Tender Offer Consideration for Securities validly tendered prior to or at the Expiration Date and accepted for purchase is per $1,000 principal amount. No additional tender consideration will be payable. No offer to purchase was made for the 6.375% Series 2019A Bonds due 2049 (CUSIP number 34061YAC4).

Payment for the Securities that are validly tendered prior to or at the Expiration Date and that are accepted for purchase will be made on December 23, 2020 (the “Settlement Date”).

The “Tender Offer Considerationfor each $1,000 principal amount of each tranche of Securities validly tendered and accepted for purchase pursuant to the applicable Tender Offers is specified on the table above, which consideration is 100% of the principal amount for both tranches of Securities. No additional tender consideration will be payable. Only holders of the Securities who validly tendered and did not validly withdraw their Securities at or prior to the Expiration Date are eligible to receive the Tender Offer Consideration for any such Securities accepted for purchase.  

Holders will also receive accrued and unpaid interest on Securities validly tendered and accepted for purchase from the last interest payment date to, but not including, the applicable Settlement Date  (“Accrued Interest”).

Brightline expects to fund the Tender Offers using cash on hand and the proceeds of short-term financing provided by Morgan Stanley & Co. LLC. The Tender Offers are being made in connection with the remarketing by Brightline Trains Florida LLC, a Delaware limited liability company and a subsidiary of the Company (the “Florida PABs Borrower”), of $950,000,000 Florida Development Finance Corporation Surface Transportation Facility Revenue Bonds (Brightline Florida Passenger Rail Project), Series 2019B issued by the FDFC (the “Series 2019B Remarketing”). The Settlement Date for the Tender Offers is also the closing date for the Series 2019B Remarketing.  The Series 2019B Remarketing is a separate financing transaction from the Tender Offers.

            As previously announced, each of the Tender Offers is conditioned upon, among other things, (i) the receipt by the Company or the availability of sufficient funds (as determined in the Company’s reasonable discretion) to pay the Tender Offer Consideration plus Accrued Interest on the applicable Settlement Date and (ii) the Company having obtained the consent of the required lenders under any applicable financing documents to permit the consummation of the Tender Offers.     

Information Relating to the Tender Offers

Morgan Stanley & Co. LLC is the dealer manager for the Tender Offers. Investors with questions regarding the Tender Offers may contact Morgan Stanley & Co. LLC at (212) 296-3049. Globic Advisors is the tender and information agent for the Tender Offers. The Offer to Purchase may be obtained from Globic Advisors, free of charge, by calling toll-free at (800) 974-5771 (bankers and brokers can call collect at (212) 227-9622) or emailing rstevens@globic.com.     

This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the Securities and the Tender Offers did not constitute offers to buy or the solicitation of offers to sell Securities in any jurisdiction or in any circumstances in which such offers or solicitations were unlawful. The full details of the Tender Offers are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase and the information or documents filed by the Florida PABs Borrower on emma.msrb.org because they contain important information.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are generally identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “target,” “projects,” “contemplates” or the negative version of those words or other comparable words. The inclusion of any forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Forward-looking statements are not historical facts, but instead represent only the Company’s belief as of the date of this press release regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. These risks include but are not limited to the Company’s ability to complete any of the Tender Offers (including obtaining the required consents under any applicable financing documents) and the Florida PABs Borrower’s ability to complete the Series 2019B Remarketing. Furthermore, new risks and uncertainties arise from time to time, some of which may be beyond the Company’s control, and it is not possible for the Company to predict those events or how they may affect the Company. Except as may be required by law, the Company and its affiliates assume no duty to update or revise its forward-looking statements based on new information, future events or otherwise.

About Brightline

Brightline is the first privately funded passenger rail system in America in over a century and was recognized by Fast Company as one of the Most Innovative Companies in travel. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality-driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to develop new stations in Boca Raton, Aventura and Port Miami. Construction to Orlando is underway and will be complete in late 2022. Brightline West, which will connect Las Vegas and Southern California, is shovel ready and expect to launch service in 2024.

Media Contact              Ben Porritt, (703) 981-2712

Investor Contact           Alexandra Levin, (516) 400-7343

Press Releases/ Brightline Announces Exte...

Brightline Announces Extensions of its Debt Tender Offers

December 11, 2020

Miami, Fla. -- Brightline Holdings LLC (the “Company” or “Brightline”) today announced that it has extended the Expiration Date and Withdrawal Deadline (each as defined in the Offer to Purchase, as defined below) for its previously announced tender offers to purchase for cash (the “Tender Offers”) up to an aggregate maximum repurchase amount of $250 million for the 6.250% Series 2019A Bonds due 2049, CUSIP number 34061YAB6 (the “2024 Tranche”) and the 6.500% Series 2019A Bonds due 2049, CUSIP number 34061YAD2 (the “2029 Tranche” and, together with the 2024 Tranche, the “Securities”), each of which is part of the $1,750,000,000 Florida Development Finance Corporation Surface Transportation Facility Revenue Bonds (Brightline Passenger Rail Project), Series 2019A issued by the Florida Development Finance Corporation (“FDFC”).

 

The Expiration Date and Withdrawal Deadline, each of which was previously scheduled for 11:59 p.m., New York City time, on December 11, 2020, have both been extended to 11:59 p.m., New York City time, on December 18, 2020, unless earlier terminated or further extended by the Company. The Settlement Date (as defined in the Offer to Purchase) will be announced promptly following the Expiration Date. Except as expressly modified by this press release, the terms and conditions of the Tender Offers in the Offer to Purchase, dated November 30, 2020 (the “Offer to Purchase”) remain unchanged, but the Company reserves the right to further extend, amend or terminate one or both Tender Offers. Capitalized terms used and not defined in this press release have the respective meanings given to them in the Offer to Purchase.

 

As previously announced, the Tender Offers are being made in connection with a separate financing transaction (the “Brightline Florida Financing”) being undertaken by Brightline Trains Florida LLC, a Delaware limited liability company and a subsidiary of the Company (the “Florida PABs Borrower”). Each of the Tender Offers is conditioned upon, among other things, (i) the receipt by the Company or the availability of sufficient funds (as determined in the Company’s reasonable discretion) to pay the Tender Offer Consideration plus Accrued Interest on the applicable Settlement Date and (ii) the Company having obtained the consent of the required lenders under any applicable financing documents to permit the consummation of the Tender Offers.

 

Information Relating to the Tender Offers

Morgan Stanley & Co. LLC is the dealer manager for the Tender Offers. Investors with questions regarding the Tender Offers may contact Morgan Stanley & Co. LLC at (212) 296-3049. Globic Advisors is the tender and information agent for the Tender Offers. The Offer to Purchase may be obtained from Globic Advisors, free of charge, by calling toll-free at (800) 974-5771 (bankers and brokers can call collect at (212) 227-9622) or emailing rstevens@globic.com.

 

None of the Company or its affiliates (including the Florida PABs Borrower), their respective boards of directors, the dealer manager, the tender and information agent, the FDFC or the Trustee is making any recommendation as to whether holders should tender any Securities in response to any of the Tender Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.

This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the Securities and the Tender Offers do not constitute offers to buy or the solicitation of offers to sell Securities in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful. The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase and the information or documents filed by the Florida PABs Borrower on emma.msrb.org because they contain important information.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are generally identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “target,” “projects,” “contemplates” or the negative version of those words or other comparable words. The inclusion of any forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Forward-looking statements are not historical facts, but instead represent only the Company’s belief as of the date of this press release regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. These risks include but are not limited to the Company’s ability to complete any of the Tender Offers (including obtaining the required consents under any applicable financing documents) and the Florida PABs Borrower’s ability to complete the Brightline Florida Financing. Furthermore, new risks and uncertainties arise from time to time, some of which may be beyond the Company’s control, and it is not possible for the Company to predict those events or how they may affect the Company. Except as may be required by law, the Company and its affiliates assume no duty to update or revise its forward-looking statements based on new information, future events or otherwise.

About Brightline

Brightline is the first privately funded passenger rail system in America in over a century and was recognized by Fast Company as one of the Most Innovative Companies in travel. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality-driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to develop new stations in Boca Raton, Aventura and Port Miami. Construction to Orlando is underway and will be complete in late 2022. Brightline West, which will connect Las Vegas and Southern California, is shovel ready and expect to launch service in 2024.

 

Media Contact              Ben Porritt, (703) 981-2712

 

Investor Contact           Alexandra Levin, (516) 400-7343

Press Releases/ Walt Disney World and Bri...

Walt Disney World and Brightline Enter Into Agreement Regarding Brightline Station at Disney Springs

November 23, 2020

MIAMI, Fla. – Today, Brightline and Walt Disney World Resort announced they have entered into an agreement to construct a train station at Disney Springs, the popular shopping, dining and entertainment complex.  The Brightline station is intended to provide a convenient, car-free travel option between Walt Disney World Resort and Brightline stations at Orlando International Airport (OIA), Miami, Fort Lauderdale and West Palm Beach and planned stations in Aventura, Boca Raton and Port Miami. Brightline’s expansion from West Palm Beach to OIA is on track to be completed in 2022.  The agreement is conditioned upon Brightline’s satisfaction of certain obligations including obtaining all necessary government approvals.  

 

The design concept for the proposed station at Disney Springs at Walt Disney World Resort includes a lobby on the ground level, passenger facilities and an upper level train platform. The proposed location would be in close proximity to Walt Disney World Resort’s four theme parks, two water parks and more than 25 hotels. 

  

“Brightline will offer a car-free connection to the millions of visitors from around the state and the world who plan to make Walt Disney World Resort part of their vacation plans,” said Patrick Goddard, president of Brightline. “Our mission has always been to connect our guests to the people and places that matter, and Walt Disney World Resort is a tremendous example of this.”

 

“We’re excited to work with Brightline as they pursue the potential development of a train station at Walt Disney World Resort, a project that would support our local economy and offer a bold, forward-looking transportation solution for our community and guests,” said Jeff Vahle, president of Walt Disney World Resort.

 

In 2018, Brightline was awarded the right to execute lease agreements with FDOT and the Central Florida Expressway Authority to connect OIA and Tampa. In February 2020, Brightline commenced engineering and design work for the proposed project. 

--END--

 

CONTACT:    Katie Mitzner

EMAIL:           katie.mitzner@gobrightline.com

 

CONTACT:     Erica Ettori      

                        Erica.l.ettori@disney.com

 

 

ABOUT BRIGHTLINE

Brightline is the first privately funded passenger rail system in America in over a century and was recognized by Fast Company as one of the Most Innovative Companies in travel. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality-driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to develop new stations in Boca Raton, Aventura and Port Miami. Construction to Orlando is underway and will be complete in late 2022. Brightline West which will connect Las Vegas and Southern California is shovel ready and expect to launch service in 2024. 

 

ABOUT WALT DISNEY WORLD RESORT

Walt Disney World Resort is a contiguous, nearly 40-square-mile, world-class entertainment and recreation destination featuring four theme parks (Magic Kingdom Park, EPCOT, Disney's Hollywood Studios and Disney's Animal Kingdom Theme Park); two water adventure parks (Disney's Blizzard Beach Water Park and Disney's Typhoon Lagoon Water Park); more than 25 resort hotels; 63 holes of golf on three championship courses; two full-service spas; Disney's Wedding Pavilion; ESPN Wide World of Sports Complex; and Disney Springs, a shopping-dining-entertainment complex. Located in Lake Buena Vista, Fla., 20 miles southwest of Orlando, Walt Disney World Resort opened Oct. 1, 1971.

 

Press Releases/ Brightline and Miami-Dade...

Brightline and Miami-Dade County Agree to Access Fee for New Commuter Rail System

November 20, 2020

MIAMI, Fla. – Today, the Miami-Dade County Commission unanimously approved an access fee paving the way for new commuter rail system on the Brightline/Florida East Coast Railway corridor. The system would connect the northeast region of Miami-Dade County with possible station locations at 151st Street (FIU), 123rd Street (North Miami), El Portal, the Design District, Wynwood and Little Haiti. The system would be interoperable with Brightline’s Aventura and MiamiCentral stations and would ultimately connect with Metrorail, Metromover and Tri-Rail. This project, which has been studied for decades, will provide reliable, convenient transportation to one of the densest areas of Miami-Dade County.

 

The agreement focuses on a $12 million annual access fee in addition to an initial payment of

$50 million. The 90-year agreement only includes payment for the first 30 years. The system is designed to run hourly trains with additional service during peak rush-hour. The county will begin negotiating definitive documents with Brightline over the next 60 days and expects to make a decision on who will operate the system in the coming months.

 

The commuter rail system is expected to generate significant economic and environmental benefits while carrying nearly three million riders each year upon stabilization. Based on independent economic studies, the system is expected to generate $5 billion in economic impact over the first ten years. This includes over 23,500 jobs, $282 million in annual labor income, $5.5 million in annual revenue for Miami-Dade County and $7.2 million in annual revenue for Miami-Dade Public Schools.

 

Significant community support has been demonstrated throughout the approval process. Businesses, educational and cultural institutions, homeowners associations and sports teams realize the economic and quality of life value that will be delivered with this new commuter rail system.

 

“This is a tremendous milestone for Miami-Dade County and all the credit goes to the county commission and their vision to improve mobility in our community. A commuter rail system will take cars off the road and provide an environmentally friendly way to get around our region. In

 

the short term, it will create jobs and rebuild our economy as we rebound from COVID,” said Brightline President Patrick Goddard.

 

“For decades I have advocated for a commuter rail along the Northeast Corridor, mobilizing people while reducing vehicles on our congested roads. Today is an important day; thanks to my Commission colleagues and Brightline, we are “on track” and closer to making this project a reality,” said Commissioner Sally Heyman, Miami-Dade County.

 

“Developing a commuter rail system along the economic centers of Miami-Dade County will provide more access to jobs, cultural centers, arenas and other locations critical to residents. Transportation remains key to moving our county forward and creating much-needed economic opportunities,” said Commission Chairwoman Audrey Edmonson, Miami-Dade County.

 

“The approval to move forward and implement commuter rail along the Northeast Corridor is the result of the grassroots efforts of over 50 businesses, community organizations and cultural institutions across Miami-Dade that collectively advocate for new mobility options such as this commuter rail initiative,” said Albert Garcia, Chairman of the Wynwood Business Improvement District (BID) and Chairman of the Corridor Coalition. “Millions will benefit from the implementation of this public transit system and the economic growth it will generate. We remain committed to this project as it progresses and hope this service will soon expand to Broward.”

 

“The NE Corridor commuter rail system will deliver enhanced mobility options for our nearly 7,000 students, faculty and staff. FIU believes this project will have immediate impacts to our community and campus as it makes our Biscayne Bay campus multi-modal and fully connected to the county’s transit systems. We look forward to the project becoming a reality,” said Pablo

G. Ortiz, Vice Provost, Biscayne Bay Campus.

 

--END--

 

CONTACT:     Ben Porritt

EMAIL:           ben@gobrightline.com

 

ABOUT BRIGHTLINE

 

Brightline is the first privately funded passenger rail system in America in over a century and was recognized by Fast Company as one of the Most Innovative Companies in travel. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality- driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to develop new stations in Boca Raton, Aventura and PortMiami. Construction to Orlando is

 

underway and will be complete in late 2022. Brightline West which will connect Las Vegas and Southern California is shovel ready and expect to launch service in 2024.

Press Releases/ First in the Nation to U...

First in the Nation to Use Innovative Box-Jacking

September 1, 2020

ORLANDO, Fla. – When Brightline Trains embarks on jacking a precast concrete box under an Orlando roadway this month it will mark a historical accomplishment for the US construction industry. Brightline will be one of the first companies in the nation and the first outside the northeast to use this innovative box-jacking method that can build a tunnel for a train in the fraction of the time it would take using conventional methods. The box-jack operation at Goldenrod Rd., just east of Orlando International Airport, will take just two weeks to complete compared to traditional underpass construction which would have shut down local roadways for nearly a year.  

 

The box-jacking system was developed by Italy-based Petrucco, and will be carried out by them in collaboration with Brightline general contractor Granite Construction. The system uses hydraulic jacks to push two precast concrete boxes, measuring 146-feet and 126-feet long respectively with 42-ft side walls, while an excavator digs out a path from inside the box and from the opposite side.

 

The Petrucco box-jacking method is commonly used in Europe and around the globe for rail construction but, until now, has seen very limited application in North America. Brightline is on a path to change that. This will be the first of two box-jacking operations that will occur on the Brightline corridor. Following the Goldenrod Rd. work, Brightline is working on a similar box jacking operation, which would build a rail underpass under SR 528 at US 1 in Brevard County. That work is expected to take place in early 2021. 

 

“This box-jacking method began as an idea that Granite Construction brought to Brightline as a way use construction technology to build two underpasses along the busy corridor between Orlando and Cocoa that would minimize the impact to traffic,” said Michael Cegelis, Executive Vice President, Rail Infrastructure, Brightline. “We are constantly working with our contractors to implement the most innovative and advanced approach to construction, and Granite responded with this innovative technology that is proven in Europe but not widely utilized in the U.S. It will reduce the period of traffic detour from many months to weeks.”

 

Moving the concrete boxes will require specialized hydraulic jacks that can manage the weight and size. Each precast box weighs more than 3000 tons, the equivalent of 15 Boeing 757’s, stands three stories high and can hold three semi-trucks end-to-end. The installation will progress at approximately three feet per hour and will take 40 workers working 12-hour shifts to keep the operation running 24/7.

 

This box jacking method was first used in the U.S. earlier this year on the Long Island Railroad expansion project in New York City. In this project, similar precast concrete boxes were installed under roadways eliminating the need for at-grade railroad crossings.  

 

The Goldenrod Rd. project, scheduled to run continuously from Wednesday, September 9 through Tuesday, September 22, will shut down northbound and southbound Goldenrod Rd., from south of the SR 528 bridge to Cargo Rd.  The Goldenrod exit from SR 528 will remain open for traffic heading north on Goldenrod Rd. Southbound traffic will be detoured via Semoran Blvd./Orlando International Airport and Hazeltine National Dr.

 

The box-jacking work is part of Brightline’s Orlando extension project which covers 170-miles from West Palm Beach to Orlando International Airport and will connect Miami to Orlando via high-speed rail.  Construction of the $2.7B project is expected to be completed in late 2022. Railroad construction information can also be found online at https://www.gobrightline.com/railroad-construction.

 

Brightline construction videos and photos available for download at the following links:

Time lapse videos of box jacking can be found at Petrucco Box Jacking Systems.

 

--END—

 

GOLDENROD RD. DETOURS

 

  • Northbound and Southbound Goldenrod Rd. south of Beachline Expressway/SR 528 bridge to Cargo Rd.
  • 12:01 a.m., Wednesday, September 9 through 11:59 p.m., Tuesday, September 22

 

Northbound Goldenrod Rd./Heintzelman Blvd.:

  • Northbound Heintzelman Blvd. traffic wishing to continue north on Goldenrod Rd. will be directed to travel west on Cargo Rd. to Jeff Fuqua Blvd., travel north on Jeff Fuqua Blvd. to eastbound SR 528 and travel east on SR 528 to Goldenrod Rd. (Exit 12).

Southbound Goldenrod Rd./Heintzelman Blvd. from westbound SR 528:

  • DETOUR 1: Westbound SR 528 traffic wishing to continue south on Goldenrod Rd./Heintzelman Blvd. will be directed to exit at Goldenrod Rd. (Exit 12), travel north on Goldenrod Rd. to Hazeltine National Dr., travel west on Hazeltine National Dr. to Semoran Blvd., travel south on Semoran Blvd., which becomes Jeff Fuqua Blvd., to Cargo Rd. and travel east on Cargo Rd. to access southbound Heintzelman Blvd.
  • DETOUR 2: Westbound SR 528 traffic wishing to continue south on Goldenrod Rd./Heintzelman Blvd. can also continue west on SR 528 to Semoran Blvd. (Exit 11), travel south on Semoran Blvd., which becomes Jeff Fuqua Blvd., to Cargo Rd., and travel east on Cargo Rd. to access southbound Heintzelman Blvd.

Southbound Goldenrod Rd./Heintzelman Blvd. from eastbound SR 528:

  • Eastbound SR 528 traffic wishing to continue south on Goldenrod Rd will be directed to exit early at Semoran Blvd. (Exit 11), travel south on Semoran Blvd., which becomes Jeff Fuqua Blvd., to Cargo Rd. and travel east on Cargo Rd. to access southbound Goldenrod Rd./Heintzelman Blvd

 

About Brightline

Brightline is the first privately funded passenger rail system in America in over a century. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality-driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to expand to Orlando, Boca Raton, Aventura and PortMiami. The company is also on track to break ground between Las Vegas and Southern California in 2020.

 

 

###

Press Release/ Brightline Announces Expi...

December 21, 2020

Brightline Announces Expiration and Results of its Debt Tender Offers

Miami, Fla.-- Brightline Holdings LLC (the “Company” or “Brightline”) today announced the expiration and results for its previously announced tender offers (the “Tender Offers”) to purchase for cash up to an Aggregate Maximum Repurchase Amount of $225,220,000 (increased from $225,000,000) for the securities listed in the table below (collectively, the “Securities”), exclusive of Accrued Interest. The Company increased the Tranche Tender Cap for the 2024 Tranche to $75,045,000 (from $75,000,000) and for the 2029 Tranche to $150,175,000 (from $150,000,000) and correspondingly the Aggregate Maximum Repurchase Amount as set forth above. Such increases were made so that the Company will purchase $225 million aggregate principal amount of the Securities after giving effect to the proration terms outlined in the Offer to Purchase (as defined below). The Tender Offers were made pursuant to the terms and conditions set forth in the offer to purchase, dated November 30, 2020 (the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

As of the previously announced expiration date and time of 11:59 p.m., New York City time, on December 18, 2020 (the “Expiration Date”), according to information provided by Globic Advisors, the tender and information agent for the Tender Offers, a total of $1,150,835,000 aggregate principal amount of Securities had been validly tendered and not validly withdrawn in the Tender Offers. Withdrawal rights for the Securities expired at 11:59 p.m., New York City time, on December 18, 2020. The table below sets forth the aggregate principal amount and percentage of the Securities validly tendered and not validly withdrawn by the Expiration Date that will be accepted for purchase by the Company.

Security(a)(b)

Mandatory Tender Date

CUSIP Number

Principal Amount Previously Outstanding

Tranche Tender Cap

Principal

Amount

Tendered

Percent Tendered of Amount Outstanding

Principal Amount to be Purchased(c)

Tender Offer Consideration(d)

6.250% Series 2019A Bonds due 2049

(the “2024 Tranche”)

January 1, 2024

34061YAB6

$250,000,000

$75,045,000

 

 

$207,580,000

 

 

83.03%

 

 

$75,000,000

$1,000.00

6.500% Series 2019A Bonds due 2049

(the “2029 Tranche”)

January 1, 2029

34061YAD2

$1,000,000,000

$150,175,000

 

 

$943,255,000

 

 

94.33%

 

 

$150,000,000

$1,000.00

(a)     Each tranche of Securities is part of the $1.75 billion Florida Development Finance Corporation Surface Transportation Facility Revenue Bonds (Brightline Florida Passenger Rail Project), Series 2019A issued by the Florida Development Finance Corporation (“FDFC”), pursuant to an Indenture of Trust, dated as of April 18, 2019 (as amended and supplemented, the “Indenture”), between the FDFC and Deutsche Bank National Trust Company, as trustee (the “Trustee”). The proceeds of the Securities were loaned to Brightline Trains Florida LLC (f/k/a Virgin Trains USA Florida LLC) (the “Florida PABs Borrower”) pursuant to a senior loan agreement.

(b)     The offers with respect to each tranche of Securities were subject to an Aggregate Maximum Repurchase Amount of up to $225,220,000.  The Company, the indirect parent of the Florida PABs Borrower, will not allocate the Aggregate Maximum Repurchase Amount between the tranches of Securities. Each tranche of Securities was subject to the applicable Tranche Tender Cap independent of the other Tranche Tender Cap.

(c)     Reflects the aggregate principal amount of Securities to be purchased after giving effect to the proration terms in the Offer to Purchase.

(d)     The Tender Offer Consideration for Securities validly tendered prior to or at the Expiration Date and accepted for purchase is per $1,000 principal amount. No additional tender consideration will be payable. No offer to purchase was made for the 6.375% Series 2019A Bonds due 2049 (CUSIP number 34061YAC4).

Payment for the Securities that are validly tendered prior to or at the Expiration Date and that are accepted for purchase will be made on December 23, 2020 (the “Settlement Date”).

The “Tender Offer Considerationfor each $1,000 principal amount of each tranche of Securities validly tendered and accepted for purchase pursuant to the applicable Tender Offers is specified on the table above, which consideration is 100% of the principal amount for both tranches of Securities. No additional tender consideration will be payable. Only holders of the Securities who validly tendered and did not validly withdraw their Securities at or prior to the Expiration Date are eligible to receive the Tender Offer Consideration for any such Securities accepted for purchase.  

Holders will also receive accrued and unpaid interest on Securities validly tendered and accepted for purchase from the last interest payment date to, but not including, the applicable Settlement Date  (“Accrued Interest”).

Brightline expects to fund the Tender Offers using cash on hand and the proceeds of short-term financing provided by Morgan Stanley & Co. LLC. The Tender Offers are being made in connection with the remarketing by Brightline Trains Florida LLC, a Delaware limited liability company and a subsidiary of the Company (the “Florida PABs Borrower”), of $950,000,000 Florida Development Finance Corporation Surface Transportation Facility Revenue Bonds (Brightline Florida Passenger Rail Project), Series 2019B issued by the FDFC (the “Series 2019B Remarketing”). The Settlement Date for the Tender Offers is also the closing date for the Series 2019B Remarketing.  The Series 2019B Remarketing is a separate financing transaction from the Tender Offers.

            As previously announced, each of the Tender Offers is conditioned upon, among other things, (i) the receipt by the Company or the availability of sufficient funds (as determined in the Company’s reasonable discretion) to pay the Tender Offer Consideration plus Accrued Interest on the applicable Settlement Date and (ii) the Company having obtained the consent of the required lenders under any applicable financing documents to permit the consummation of the Tender Offers.     

Information Relating to the Tender Offers

Morgan Stanley & Co. LLC is the dealer manager for the Tender Offers. Investors with questions regarding the Tender Offers may contact Morgan Stanley & Co. LLC at (212) 296-3049. Globic Advisors is the tender and information agent for the Tender Offers. The Offer to Purchase may be obtained from Globic Advisors, free of charge, by calling toll-free at (800) 974-5771 (bankers and brokers can call collect at (212) 227-9622) or emailing rstevens@globic.com.     

This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the Securities and the Tender Offers did not constitute offers to buy or the solicitation of offers to sell Securities in any jurisdiction or in any circumstances in which such offers or solicitations were unlawful. The full details of the Tender Offers are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase and the information or documents filed by the Florida PABs Borrower on emma.msrb.org because they contain important information.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are generally identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “target,” “projects,” “contemplates” or the negative version of those words or other comparable words. The inclusion of any forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Forward-looking statements are not historical facts, but instead represent only the Company’s belief as of the date of this press release regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. These risks include but are not limited to the Company’s ability to complete any of the Tender Offers (including obtaining the required consents under any applicable financing documents) and the Florida PABs Borrower’s ability to complete the Series 2019B Remarketing. Furthermore, new risks and uncertainties arise from time to time, some of which may be beyond the Company’s control, and it is not possible for the Company to predict those events or how they may affect the Company. Except as may be required by law, the Company and its affiliates assume no duty to update or revise its forward-looking statements based on new information, future events or otherwise.

About Brightline

Brightline is the first privately funded passenger rail system in America in over a century and was recognized by Fast Company as one of the Most Innovative Companies in travel. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality-driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to develop new stations in Boca Raton, Aventura and Port Miami. Construction to Orlando is underway and will be complete in late 2022. Brightline West, which will connect Las Vegas and Southern California, is shovel ready and expect to launch service in 2024.

Media Contact              Ben Porritt, (703) 981-2712

Investor Contact           Alexandra Levin, (516) 400-7343

Press Release/ Brightline Announces Exte...

December 11, 2020

Brightline Announces Extensions of its Debt Tender Offers

Miami, Fla. -- Brightline Holdings LLC (the “Company” or “Brightline”) today announced that it has extended the Expiration Date and Withdrawal Deadline (each as defined in the Offer to Purchase, as defined below) for its previously announced tender offers to purchase for cash (the “Tender Offers”) up to an aggregate maximum repurchase amount of $250 million for the 6.250% Series 2019A Bonds due 2049, CUSIP number 34061YAB6 (the “2024 Tranche”) and the 6.500% Series 2019A Bonds due 2049, CUSIP number 34061YAD2 (the “2029 Tranche” and, together with the 2024 Tranche, the “Securities”), each of which is part of the $1,750,000,000 Florida Development Finance Corporation Surface Transportation Facility Revenue Bonds (Brightline Passenger Rail Project), Series 2019A issued by the Florida Development Finance Corporation (“FDFC”).

 

The Expiration Date and Withdrawal Deadline, each of which was previously scheduled for 11:59 p.m., New York City time, on December 11, 2020, have both been extended to 11:59 p.m., New York City time, on December 18, 2020, unless earlier terminated or further extended by the Company. The Settlement Date (as defined in the Offer to Purchase) will be announced promptly following the Expiration Date. Except as expressly modified by this press release, the terms and conditions of the Tender Offers in the Offer to Purchase, dated November 30, 2020 (the “Offer to Purchase”) remain unchanged, but the Company reserves the right to further extend, amend or terminate one or both Tender Offers. Capitalized terms used and not defined in this press release have the respective meanings given to them in the Offer to Purchase.

 

As previously announced, the Tender Offers are being made in connection with a separate financing transaction (the “Brightline Florida Financing”) being undertaken by Brightline Trains Florida LLC, a Delaware limited liability company and a subsidiary of the Company (the “Florida PABs Borrower”). Each of the Tender Offers is conditioned upon, among other things, (i) the receipt by the Company or the availability of sufficient funds (as determined in the Company’s reasonable discretion) to pay the Tender Offer Consideration plus Accrued Interest on the applicable Settlement Date and (ii) the Company having obtained the consent of the required lenders under any applicable financing documents to permit the consummation of the Tender Offers.

 

Information Relating to the Tender Offers

Morgan Stanley & Co. LLC is the dealer manager for the Tender Offers. Investors with questions regarding the Tender Offers may contact Morgan Stanley & Co. LLC at (212) 296-3049. Globic Advisors is the tender and information agent for the Tender Offers. The Offer to Purchase may be obtained from Globic Advisors, free of charge, by calling toll-free at (800) 974-5771 (bankers and brokers can call collect at (212) 227-9622) or emailing rstevens@globic.com.

 

None of the Company or its affiliates (including the Florida PABs Borrower), their respective boards of directors, the dealer manager, the tender and information agent, the FDFC or the Trustee is making any recommendation as to whether holders should tender any Securities in response to any of the Tender Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.

This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the Securities and the Tender Offers do not constitute offers to buy or the solicitation of offers to sell Securities in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful. The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase and the information or documents filed by the Florida PABs Borrower on emma.msrb.org because they contain important information.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are generally identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “target,” “projects,” “contemplates” or the negative version of those words or other comparable words. The inclusion of any forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Forward-looking statements are not historical facts, but instead represent only the Company’s belief as of the date of this press release regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. These risks include but are not limited to the Company’s ability to complete any of the Tender Offers (including obtaining the required consents under any applicable financing documents) and the Florida PABs Borrower’s ability to complete the Brightline Florida Financing. Furthermore, new risks and uncertainties arise from time to time, some of which may be beyond the Company’s control, and it is not possible for the Company to predict those events or how they may affect the Company. Except as may be required by law, the Company and its affiliates assume no duty to update or revise its forward-looking statements based on new information, future events or otherwise.

About Brightline

Brightline is the first privately funded passenger rail system in America in over a century and was recognized by Fast Company as one of the Most Innovative Companies in travel. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality-driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to develop new stations in Boca Raton, Aventura and Port Miami. Construction to Orlando is underway and will be complete in late 2022. Brightline West, which will connect Las Vegas and Southern California, is shovel ready and expect to launch service in 2024.

 

Media Contact              Ben Porritt, (703) 981-2712

 

Investor Contact           Alexandra Levin, (516) 400-7343

Press Release/ Walt Disney World and Bri...

November 23, 2020

Walt Disney World and Brightline Enter Into Agreement Regarding Brightline Station at Disney Springs

MIAMI, Fla. – Today, Brightline and Walt Disney World Resort announced they have entered into an agreement to construct a train station at Disney Springs, the popular shopping, dining and entertainment complex.  The Brightline station is intended to provide a convenient, car-free travel option between Walt Disney World Resort and Brightline stations at Orlando International Airport (OIA), Miami, Fort Lauderdale and West Palm Beach and planned stations in Aventura, Boca Raton and Port Miami. Brightline’s expansion from West Palm Beach to OIA is on track to be completed in 2022.  The agreement is conditioned upon Brightline’s satisfaction of certain obligations including obtaining all necessary government approvals.  

 

The design concept for the proposed station at Disney Springs at Walt Disney World Resort includes a lobby on the ground level, passenger facilities and an upper level train platform. The proposed location would be in close proximity to Walt Disney World Resort’s four theme parks, two water parks and more than 25 hotels. 

  

“Brightline will offer a car-free connection to the millions of visitors from around the state and the world who plan to make Walt Disney World Resort part of their vacation plans,” said Patrick Goddard, president of Brightline. “Our mission has always been to connect our guests to the people and places that matter, and Walt Disney World Resort is a tremendous example of this.”

 

“We’re excited to work with Brightline as they pursue the potential development of a train station at Walt Disney World Resort, a project that would support our local economy and offer a bold, forward-looking transportation solution for our community and guests,” said Jeff Vahle, president of Walt Disney World Resort.

 

In 2018, Brightline was awarded the right to execute lease agreements with FDOT and the Central Florida Expressway Authority to connect OIA and Tampa. In February 2020, Brightline commenced engineering and design work for the proposed project. 

--END--

 

CONTACT:    Katie Mitzner

EMAIL:           katie.mitzner@gobrightline.com

 

CONTACT:     Erica Ettori      

                        Erica.l.ettori@disney.com

 

 

ABOUT BRIGHTLINE

Brightline is the first privately funded passenger rail system in America in over a century and was recognized by Fast Company as one of the Most Innovative Companies in travel. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality-driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to develop new stations in Boca Raton, Aventura and Port Miami. Construction to Orlando is underway and will be complete in late 2022. Brightline West which will connect Las Vegas and Southern California is shovel ready and expect to launch service in 2024. 

 

ABOUT WALT DISNEY WORLD RESORT

Walt Disney World Resort is a contiguous, nearly 40-square-mile, world-class entertainment and recreation destination featuring four theme parks (Magic Kingdom Park, EPCOT, Disney's Hollywood Studios and Disney's Animal Kingdom Theme Park); two water adventure parks (Disney's Blizzard Beach Water Park and Disney's Typhoon Lagoon Water Park); more than 25 resort hotels; 63 holes of golf on three championship courses; two full-service spas; Disney's Wedding Pavilion; ESPN Wide World of Sports Complex; and Disney Springs, a shopping-dining-entertainment complex. Located in Lake Buena Vista, Fla., 20 miles southwest of Orlando, Walt Disney World Resort opened Oct. 1, 1971.

 

Press Release/ Brightline and Miami-Dade...

November 20, 2020

Brightline and Miami-Dade County Agree to Access Fee for New Commuter Rail System

MIAMI, Fla. – Today, the Miami-Dade County Commission unanimously approved an access fee paving the way for new commuter rail system on the Brightline/Florida East Coast Railway corridor. The system would connect the northeast region of Miami-Dade County with possible station locations at 151st Street (FIU), 123rd Street (North Miami), El Portal, the Design District, Wynwood and Little Haiti. The system would be interoperable with Brightline’s Aventura and MiamiCentral stations and would ultimately connect with Metrorail, Metromover and Tri-Rail. This project, which has been studied for decades, will provide reliable, convenient transportation to one of the densest areas of Miami-Dade County.

 

The agreement focuses on a $12 million annual access fee in addition to an initial payment of

$50 million. The 90-year agreement only includes payment for the first 30 years. The system is designed to run hourly trains with additional service during peak rush-hour. The county will begin negotiating definitive documents with Brightline over the next 60 days and expects to make a decision on who will operate the system in the coming months.

 

The commuter rail system is expected to generate significant economic and environmental benefits while carrying nearly three million riders each year upon stabilization. Based on independent economic studies, the system is expected to generate $5 billion in economic impact over the first ten years. This includes over 23,500 jobs, $282 million in annual labor income, $5.5 million in annual revenue for Miami-Dade County and $7.2 million in annual revenue for Miami-Dade Public Schools.

 

Significant community support has been demonstrated throughout the approval process. Businesses, educational and cultural institutions, homeowners associations and sports teams realize the economic and quality of life value that will be delivered with this new commuter rail system.

 

“This is a tremendous milestone for Miami-Dade County and all the credit goes to the county commission and their vision to improve mobility in our community. A commuter rail system will take cars off the road and provide an environmentally friendly way to get around our region. In

 

the short term, it will create jobs and rebuild our economy as we rebound from COVID,” said Brightline President Patrick Goddard.

 

“For decades I have advocated for a commuter rail along the Northeast Corridor, mobilizing people while reducing vehicles on our congested roads. Today is an important day; thanks to my Commission colleagues and Brightline, we are “on track” and closer to making this project a reality,” said Commissioner Sally Heyman, Miami-Dade County.

 

“Developing a commuter rail system along the economic centers of Miami-Dade County will provide more access to jobs, cultural centers, arenas and other locations critical to residents. Transportation remains key to moving our county forward and creating much-needed economic opportunities,” said Commission Chairwoman Audrey Edmonson, Miami-Dade County.

 

“The approval to move forward and implement commuter rail along the Northeast Corridor is the result of the grassroots efforts of over 50 businesses, community organizations and cultural institutions across Miami-Dade that collectively advocate for new mobility options such as this commuter rail initiative,” said Albert Garcia, Chairman of the Wynwood Business Improvement District (BID) and Chairman of the Corridor Coalition. “Millions will benefit from the implementation of this public transit system and the economic growth it will generate. We remain committed to this project as it progresses and hope this service will soon expand to Broward.”

 

“The NE Corridor commuter rail system will deliver enhanced mobility options for our nearly 7,000 students, faculty and staff. FIU believes this project will have immediate impacts to our community and campus as it makes our Biscayne Bay campus multi-modal and fully connected to the county’s transit systems. We look forward to the project becoming a reality,” said Pablo

G. Ortiz, Vice Provost, Biscayne Bay Campus.

 

--END--

 

CONTACT:     Ben Porritt

EMAIL:           ben@gobrightline.com

 

ABOUT BRIGHTLINE

 

Brightline is the first privately funded passenger rail system in America in over a century and was recognized by Fast Company as one of the Most Innovative Companies in travel. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality- driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to develop new stations in Boca Raton, Aventura and PortMiami. Construction to Orlando is

 

underway and will be complete in late 2022. Brightline West which will connect Las Vegas and Southern California is shovel ready and expect to launch service in 2024.

Press Release/ First in the Nation to U...

September 1, 2020

First in the Nation to Use Innovative Box-Jacking

ORLANDO, Fla. – When Brightline Trains embarks on jacking a precast concrete box under an Orlando roadway this month it will mark a historical accomplishment for the US construction industry. Brightline will be one of the first companies in the nation and the first outside the northeast to use this innovative box-jacking method that can build a tunnel for a train in the fraction of the time it would take using conventional methods. The box-jack operation at Goldenrod Rd., just east of Orlando International Airport, will take just two weeks to complete compared to traditional underpass construction which would have shut down local roadways for nearly a year.  

 

The box-jacking system was developed by Italy-based Petrucco, and will be carried out by them in collaboration with Brightline general contractor Granite Construction. The system uses hydraulic jacks to push two precast concrete boxes, measuring 146-feet and 126-feet long respectively with 42-ft side walls, while an excavator digs out a path from inside the box and from the opposite side.

 

The Petrucco box-jacking method is commonly used in Europe and around the globe for rail construction but, until now, has seen very limited application in North America. Brightline is on a path to change that. This will be the first of two box-jacking operations that will occur on the Brightline corridor. Following the Goldenrod Rd. work, Brightline is working on a similar box jacking operation, which would build a rail underpass under SR 528 at US 1 in Brevard County. That work is expected to take place in early 2021. 

 

“This box-jacking method began as an idea that Granite Construction brought to Brightline as a way use construction technology to build two underpasses along the busy corridor between Orlando and Cocoa that would minimize the impact to traffic,” said Michael Cegelis, Executive Vice President, Rail Infrastructure, Brightline. “We are constantly working with our contractors to implement the most innovative and advanced approach to construction, and Granite responded with this innovative technology that is proven in Europe but not widely utilized in the U.S. It will reduce the period of traffic detour from many months to weeks.”

 

Moving the concrete boxes will require specialized hydraulic jacks that can manage the weight and size. Each precast box weighs more than 3000 tons, the equivalent of 15 Boeing 757’s, stands three stories high and can hold three semi-trucks end-to-end. The installation will progress at approximately three feet per hour and will take 40 workers working 12-hour shifts to keep the operation running 24/7.

 

This box jacking method was first used in the U.S. earlier this year on the Long Island Railroad expansion project in New York City. In this project, similar precast concrete boxes were installed under roadways eliminating the need for at-grade railroad crossings.  

 

The Goldenrod Rd. project, scheduled to run continuously from Wednesday, September 9 through Tuesday, September 22, will shut down northbound and southbound Goldenrod Rd., from south of the SR 528 bridge to Cargo Rd.  The Goldenrod exit from SR 528 will remain open for traffic heading north on Goldenrod Rd. Southbound traffic will be detoured via Semoran Blvd./Orlando International Airport and Hazeltine National Dr.

 

The box-jacking work is part of Brightline’s Orlando extension project which covers 170-miles from West Palm Beach to Orlando International Airport and will connect Miami to Orlando via high-speed rail.  Construction of the $2.7B project is expected to be completed in late 2022. Railroad construction information can also be found online at https://www.gobrightline.com/railroad-construction.

 

Brightline construction videos and photos available for download at the following links:

Time lapse videos of box jacking can be found at Petrucco Box Jacking Systems.

 

--END—

 

GOLDENROD RD. DETOURS

 

  • Northbound and Southbound Goldenrod Rd. south of Beachline Expressway/SR 528 bridge to Cargo Rd.
  • 12:01 a.m., Wednesday, September 9 through 11:59 p.m., Tuesday, September 22

 

Northbound Goldenrod Rd./Heintzelman Blvd.:

  • Northbound Heintzelman Blvd. traffic wishing to continue north on Goldenrod Rd. will be directed to travel west on Cargo Rd. to Jeff Fuqua Blvd., travel north on Jeff Fuqua Blvd. to eastbound SR 528 and travel east on SR 528 to Goldenrod Rd. (Exit 12).

Southbound Goldenrod Rd./Heintzelman Blvd. from westbound SR 528:

  • DETOUR 1: Westbound SR 528 traffic wishing to continue south on Goldenrod Rd./Heintzelman Blvd. will be directed to exit at Goldenrod Rd. (Exit 12), travel north on Goldenrod Rd. to Hazeltine National Dr., travel west on Hazeltine National Dr. to Semoran Blvd., travel south on Semoran Blvd., which becomes Jeff Fuqua Blvd., to Cargo Rd. and travel east on Cargo Rd. to access southbound Heintzelman Blvd.
  • DETOUR 2: Westbound SR 528 traffic wishing to continue south on Goldenrod Rd./Heintzelman Blvd. can also continue west on SR 528 to Semoran Blvd. (Exit 11), travel south on Semoran Blvd., which becomes Jeff Fuqua Blvd., to Cargo Rd., and travel east on Cargo Rd. to access southbound Heintzelman Blvd.

Southbound Goldenrod Rd./Heintzelman Blvd. from eastbound SR 528:

  • Eastbound SR 528 traffic wishing to continue south on Goldenrod Rd will be directed to exit early at Semoran Blvd. (Exit 11), travel south on Semoran Blvd., which becomes Jeff Fuqua Blvd., to Cargo Rd. and travel east on Cargo Rd. to access southbound Goldenrod Rd./Heintzelman Blvd

 

About Brightline

Brightline is the first privately funded passenger rail system in America in over a century. Brightline is designed to reinvent travel and take cars off the road by connecting city pairs and congested corridors that are too close to fly and too long to drive. Providing fast, efficient, hospitality-driven transportation featuring the latest in customer-friendly amenities, Brightline currently operates in Florida between Miami, Fort Lauderdale and West Palm Beach, with plans to expand to Orlando, Boca Raton, Aventura and PortMiami. The company is also on track to break ground between Las Vegas and Southern California in 2020.

 

 

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