JEFFREY CARTER: The Slow Motion Trainwreck Everyone Paying Attention Saw Coming: Brightline Is In the Red. ““The Brightline case is a cautionary tale about the risks of investing in large-scale infrastructure projects. Even with strong political backing and a growing Florida economy, the economics of passenger rail are unforgiving. For investors, the key takeaway is that bond insurance does not guarantee full recovery; it simply shifts the priority of claims.”

Everybody likes the idea of taking the train, but not enough people want to shell out money to do so.