LAS VEGAS — Brightline West no longer expects to launch operations in time to capitalize on visitors to the 2028 Summer Olympics in Los Angeles, according to a company bond offering.
KTNV-TV reports that the 1,200 pages of documents related to that bond offering indicate that passenger service is now likely to begin in December 2028.
The bond offering is aiming to raise about $2.5 billion through the bond offering for the estimated $12.4 billion project. The company and Federal Railroad Administration have already signed off on a $3 billion federal grant [see “FRA finalizes …,” Trains News Wire, Sept. 26, 2024].
While the company has yet to finalize its ticketing strategy, the documents project the average one-way fare will be $119, or $133 for a premium ticket.
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