All Aboard Florida Talks Jax, Cocoa Among Other Things

[Ocklawaha]

ALL ABOARD FLORIDA:

Here's an informative article about AAF, if your not up to speed, the article in its entirety will do the trick. Kudo's to FLORIDA TREND.

..."We hope All Aboard Florida stops here eventually," says Cocoa Mayor Henry Parrish. Meanwhile, Palm Beach County Mayor Steve Abrams, who chairs the South Florida Regional Transportation Authority, Tri-Rail's parent, hopes All Aboard will lead to Tri-Rail also moving on the FECI-controlled lines. "They've been supportive," he says.

VP H. Cumber says FECI's priority is making All Aboard successful, not moving Amtrak or Tri-Rail to the line. As for other train stops, he says that if at a future date added stops and links — whether Cocoa, Tampa or Jacksonville — show a promise of profit, All Aboard will pursue them, but not now. (As we've been saying  MJ)

Signorello considers his company's other new divisions equally as important as the All Aboard venture, particularly the moving of goods from ports to consumers and to-and-from Latin America, a bread-and-butter supply chain and logistics business called South Florida Logistics Service...


...And what FECI hopes to accomplish with all of its divisions — whether moving cargo or moving people — is the same: A hefty return on investment. FECI doesn't disclose its revenue or profit margins, but Signorello says the company's aim always is to at least double its money with each investment. "We like to use that as a floor, not a ceiling," he says.

Like the other three FECI units, All Aboard's final stop could be the selling block. A feature of FECI's structure is that every unit stands independent — even the Miami land where All Aboard will have its station is underwritten as a separate investment — with its own management team and its own capital structure, ready to be spun off cleanly to buyers...



Read More at:  http://www.floridatrend.com/article/16021/ticket-to-ride-on-fecis-all-aboard-florida?page=1