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Florida Eminent Domain Blog | Gregory W. Stoner
The Florida Eminent Domain Law Firm, PA
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Friday, July 29, 2011
High Speed Rail--Did Eminent Domain Torpedo the Project?
In February, Florida Governor Rick Scott rejected plans for the high-speed rail link between Tampa and Orlando, 90% of the cost of which would be paid for by Federal stimulus money. Among the concerns expressed by Governor Scott was that costs to complete the full rail project would saddle Florida with unreasonable expenses. The initial stretch of the railway could easily be cost-controlled because the majority of the right of way runs right along I-4 and is already owned by Florida, and therhttp://www.blogger.com/img/blank.gifefore would require little use of eminent domain.
However, the cost of the full projected high-speed rail project is unknown. Estimates for the actual construction start at $20 billion+ to complete the remainder of the railroad. That figure also doesn't include the potential cost of eminent domain. How much would eminent domain add to the cost?
It's hard to say how much eminent domain would cost for the project, but a conservative estimate would put the figure at about $5 billion, already http://www.blogger.com/img/blank.gifahttp://www.blogger.com/img/blank.gif considerable increase on the project's overall cost, and it's possible that its cost could be much higher.
We may never know about the full cost and benefits of the high speed rail system in Florida. However, as other projects move forward, your property may be threatened by eminent domain. To learn more, please contact the Florida Property Rights Law Firm today to schedule a consultation.
However, the cost of the full projected high-speed rail project is unknown. Estimates for the actual construction start at $20 billion+ to complete the remainder of the railroad. That figure also doesn't include the potential cost of eminent domain. How much would eminent domain add to the cost?
It's hard to say how much eminent domain would cost for the project, but a conservative estimate would put the figure at about $5 billion, already http://www.blogger.com/img/blank.gifahttp://www.blogger.com/img/blank.gif considerable increase on the project's overall cost, and it's possible that its cost could be much higher.
We may never know about the full cost and benefits of the high speed rail system in Florida. However, as other projects move forward, your property may be threatened by eminent domain. To learn more, please contact the Florida Property Rights Law Firm today to schedule a consultation.
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