Realtors Association Withholds Stance On All Aboard Florida

April 24th, 2014

The Realtors Association of the Palm Beaches is withholding judgment on All Aboard Florida’s passenger train service saying it needs more information about the project, which will connect Miami with Orlando.

Florida East Coast Industries has proposed the express rail service, which would also have stops in Fort Lauderdale and West Palm Beach, to compete with highway and airline travel. Plans call for the $2.5 billion project to be running in 2016. The plans are to run 32 daily passenger trains between 6 a.m. and 9 p.m.

The Jupiter Tequesta Association of Realtors opposes the plan. At a Thursday meeting, association President Bill Hall said there is no upside for areas north of West Palm Beach that will put up with the trains but not get stations. The Realtors Association of the Palm Beaches called the project an “exciting concept,” but not one it’s ready to throw the weight of its 10,000 members behind yet.

“At this point, as an association, we are still looking into unintended consequences that might have a negative effect to real estate,” the association said in a statement. “With over 10,000 members spread throughout four counties, we are doing our due diligence and taking into consideration every aspect of the project.

“This is a major project that has the potential to drastically change the landscape of Florida – our goal is to put the information in our memberships’ hands and best educate them on the project as a whole. Once our membership has all the facts, we will move forward in a direction that is in the best interest of our organization.”

Source: Palm Beach Post

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