Fortress to Finalize Financing Plans for $8 Billion Vegas Rail Line
- Train venture seen benefiting from federal infrastructure bill
- Debt sales upcoming for speculative venture from Los Angeles
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Brightline Holdings, Fortress Investment Group’s rail company, will finalize the financing plans for its $8 billion project laying train tracks to Las Vegas from southern California within the next six months, Chief Executive Officer Michael Reininger said during a press briefing Tuesday.
Reininger said the company would benefit from the pending federal infrastructure bill, and is heading off some of the concerns that forced it to postpone a massive bond offering last year for the speculative venture. He was speaking about the delayed project, called Brightline West, at an event in Sacramento at the Siemens Mobility facility showcasing the latest trains for the company’s Florida line.