The distance between Miami and Lauderdale should be a drive about forty minutes. However, due to the nuisance of traffic, the duration can stretch to more than an hour. Wes Edens, private equity investor, and entrepreneur is expected to bring a solution that will ease movement around Florida. His Brightlien train system, which made its inaugural trip from Miami to Fort Lauderdale in may this year, is the only privately owned the train system in the country. A trip that could have taken over two hours in the traffic, only take just thirty minutes with more comfort, better service, and free Wi-Fi.
Wes Edens’ new train system is expected to lower the cost of traveling the city while at the same time improve convenience. For instance, a one-way ticket cost ten dollars whereas taking a taxi for the same distance will cost over thirty dollars. An average car can only crisscross the city with an average speed of forty miles per hour. The Brightline train travels in over eighty miles per hour and therefore saving time that could have otherwise been lost in traffic.
Most residents of South Florida are reluctant to use public transport system due to poor services. Most of the traffic snarl-ups in the region are caused by private cars. Since Brightline train was launched, many people have appreciated the service so far. Currently, the train operates in the West Palm Beach but it is expected to soon start operations in Orlando.
The train system is owned by Fortress Investment Group, private equity firm, which Wes co-founded and co-manages. Plans are underway to further develop the system across the whole region and connect it to other transit networks. It is projected that the value of the properties along the system will increase significantly.
About Wes Edens
Wes Edens received his Bachelor’s degree from the Oregon State University. Wes began his career at California Saving and Loans Company before moving to Merill Lynch. Later he joined Lehman Brothers as a partner and company’s managing director. He worked with other reputable firms before co-founding Fortress Investment Group in 1998 where he is the Private Equity Chief Investment Officer. Wes Edens also co-owns the Milwaukee Bucks, an NBA team, together with Marc Lasry.
About Wes Edens: www.wesedens.com/