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How Citrus County can lead rural America back to prosperity -Richard Fernley BLAZING NEW RAILS

Blazing new rails

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Blazing new rails. How Citrus County can lead rural America back to prosperity -Richard Fernley. The Vision. “The businessman who goes against the current of popular opinion should expect to be opposed, derided and damned. That’s what made me rich !” - J. Paul Getty . The History. - PowerPoint PPT Presentation

Text of Blazing new rails

Blazing new rails

How Citrus County can lead rural America back to prosperity

-Richard FernleyBlazing new railsThe Vision

The businessman who goes against the current of popular opinion should expect to be opposed, derided and damned. Thats what made me rich! - J. Paul Getty Blazing New RailsThe History

Flagler and Plant brought the railroads to Florida, which catalyzed unprecedented prosperity to the once sparsely inhabited state. Blazing New RailsThe Facts2003 Florida average gasoline price per gallon $1.59*Source: US Energy Information Agency Week Ending 10/6/03

2013 Florida average gasoline price per gallon $3.49*Source: US Energy Information Agency Week Ending 9/23/13

Increase of almost 120%

Blazing New RailsThe CostsIn July 2012 the Florida Department of Transportation estimated the cost of building, and modifying existing highways in rural areas between $5.8 million and $11.9 million per mile *Source: Florida Department of Transportation Maintaining these roads can cost up to $2 - $3 million per mile. *Source: Florida Department of Transportation

Blazing New Rails5The FutureThe Tampa Bay Regional Planning Council estimates the population of Central Florida will grow from 7.2 million people in 2008 to an estimated 14.4 million people by 2050. *Source: University of Pennsylvania. Connecting for Global Competitiveness: Florida's Super RegionAn estimated 980,000 acres of development will be needed to sustain this growth, if current transportation modes are utilized. *Source: University of Pennsylvania. Connecting for Global Competitiveness: Florida's Super RegionIf a regional rail plan was put into place, Central Florida could save an estimated $270 billion in new road construction costs by 2050. *Source: University of Pennsylvania. Connecting for Global Competitiveness: Florida's Super Region

Blazing New RailsThe Business SideA single freight train can move as many containers as 280 semi-trucks.*Source: National Resource Defense Council

Freight trains can move one ton of freight 436 miles on a single gallon of fuel, compared to 140 miles on a truck.*Source: CSX

U.S. freight rail rates were 45% lower in 2011 than in 1981. That means a rail shipper can move nearly twice as much freight today at the same price it paid over thirty years ago. * Source: Association of American Railroads 2012

Blazing New RailsThe Jobs The U.S. Department of Commerce model shows for every job in day to day freight operations stimulates another 4.5 jobs elsewhere in the economy.*Source: Association of American Railroads 2012

The U.S. Department of Commerce estimates for every $1 billion invested in rail creates 20,000 jobs. *Source: U.S. Department of Commerce

The American Society of Civil Engineers projected that the current condition of our nations surface transportation would cost the economy 870,000 jobs and suppress the GDP by $3.1 trillion by 2020. *Source: American Public Transportation Association 2011 Blazing New RailsThe CommutersImagine being able to travel to Tampa and Orlando in under an hour, or to Atlanta in under three hours, it is possible with high speed rail. The U.S. Department of Transportation in 2010 adopted a policy of implementing rail service with maximum operating speeds of 150-220 mph. *Source: University of Pennsylvania. Connecting for Global Competitiveness: Florida's Super RegionHighway and roadway congestion cost our nation more than $101 billion in wasted fuel and lost productivity in 2010.*Source: Texas Transportation Institute (TTI), Texas A&M University, 2011Blazing New RailsThe EnvironmentCitrus Countys natural resources are one of its most valued assets, introducing high speed rail would significantly lessen pollution impact to our Nature Coast.

*Source: New South Wales Australia Office of Heritage and EnvironmentBlazing New RailsThe Tourism EffectBeginning at the end of 2015 privately owned Florida based company Florida East Coast Industries, will start offering passenger rail service from Miami to Orlando with stops in Fort Lauderdale, West Palm Beach and Cocoa Beach.

*Source: Eastern Railroad NewsBlazing New RailsThe Nature Coast RailwayImagine Citrus County being able to tap into a statewide rail transit system.Our region would open up to additional revenue sources, and could be advertised as the Gateway to the the Real Florida.

*Source: The Transport Politic Blazing New RailsThe Cost BenefitThe average cost of a rental in the Tampa Bay-St. Petersburg-Clearwater Metropolitan Area consumes an average of 45.52% of the renters income. *Source: U.S. Census Bureau 2009 The majority of rentals in Citrus County consume 30% or less of a renters monthly income. *Source: Florida Housing Data Clearinghouse 2007-2011With the option of an hour or less train ride, Tampa Bay and Orlando area residents would be attracted to Citrus County for its lower cost of living.Blazing New RailsThe Real Estate EffectRail has a net positive effect when it comes to real estate values.Property value studies done between 1991-2002 indicated property values surrounding light, commuter and heavy rail stations rose anywhere from 3.8% to 17%. *Source: Ohio Department of TransportationChinas smaller cities are experiencing a housing boom, brought on by bullet trains connecting them to larger cities, this has caused property values to increase by 4.5%. *Source: University of California-Los Angeles and Chinas Tsinghua University 2013Blazing New RailsThe InvestmentThe worlds fastest-growing major economy China is investing $300 Billion (USD) into its high speed rail network. *Source: World Bank-High Speed Rail: The Fast Track to Economic Development? 2010America must follow suit if we are to remain an economic force in the 21st Century.

*Source: MASCABlazing New Rails

Will Citrus County lead the way?

*Source: Florida Center for Instructional TechnologyBlazing New RailsWill Florida Lead the way?Blazing New Rails

*Source: My Fort Lauderdale17Will America lead the way?

*Source: The Transport PoliticBlazing New RailsSummaryAn investment in a blend of regional, high speed and commercial freight rail would pay dividends for Citrus County. The U.S. Department of Commerce reports for every $1 invested in rail (track, locomotives, bridges etc.) returns $3 to the American economy. That is a 200% return on investment. The old way of doing things is not sustainable, the time to be proactive has arrived. Like Plant and Flagler if we invest in our vision now, we can prepare our region for another 100 years of prosperity. Blazing New RailsContact InformationCreator/Presenter: Richard FernleyE-mail: [email protected] #: 352-419-4341

Blazing New Rails*Source: Wilkimedia Commons