October 12, 2021
WHAT DOES RANCHO CUCAMONGA & APPLE VALLEY HAVE IN COMMON WITH LAS VEGAS? A high-speed train station connecting all 3 cities and the Las Vegas and Southern California region.
(BLOOMBERG NEWS) - 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.
The efforts include extensive planning for another California station in Rancho Cucamonga. The unrated bond offering that was supposed to sell last year would have financed a 169-mile (272-kilometer) line connecting Las Vegas to the desert town of Apple Valley, 90 miles away from downtown Los Angeles.
A stop at Rancho Cucamonga, which is located along an existing commuter rail called Metrolink, would position passengers on the electric, high-speed line closer to the nation’s second-most populous city.
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Paul C. Tecson
CEO/Managing Partner
3-D Capital Realty Investments, LLC
