Florida State University Libraries Honors Theses The Division of Undergraduate Studies 2011 Florida High-Speed Rail: An Economic Policy Analysis Sierra Garrett Follow this and additional works at the FSU Digital Library. For more information, please contact
[email protected] Abstract High-speed rail technology has existed for decades, and with aid from the federal government, public ownership of the right-of-way, and preliminary research and planning, Florida may be the first state to construct a true high-speed line. High-speed rail has implications for sustainability as well as growth, though the determining factor for feasibility is ridership. Finance and management/operation plans are also important to consider as these factors determine whether or not the project will be implemented and if it will require subsidy in order to operate. This paper will examine current financing and ridership forecasting methods and results for high-speed rail in Florida. Successful international high-speed rail projects will be examined, as well as the federal government’s role in implementing transportation projects. Details of the Florida proposal will be examined for their economic influence, including job creation, environmental impact, and economic growth. Governor Rick Scott’s decision to return federal funds for high-speed rail will be examined, and an analysis of the high-speed rail debate will be conducted. This paper should give an overall sense of viability for the current proposal for Florida High-Speed Rail under the American Recovery and Reinvestment