SunRail recently announced that it is moving forward and has even released a new project time line (see above). According to officials at SunRail, the FDOT is working with the Federal Transit Administration to secure Full Funding Grant Agreement that is expected to pay for 50 percent of the project’s capital costs. The remaining 50 percent would be split 25 percent by the state and local government partners in Volusia, Seminole, Orange, Osceola counties and the City of Orlando. The state and local money already has been committed, and SunRail is in the final stages of finishing up the federal grant process.
We will continue to monitor this and other projects as they develop. If you have questions in the mean time, feel free to call us at 813-221-9000 or contact us at Gaylordmerlin.com.