Train system from Orlando to Miami expected to reel in commercial development

A train from Miami to Orlando is slated for construction.

According to the 2010 U.S. Census, Florida is one of the most populated states in the country.

The Sunshine States ranks fourth behind California, Texas and New York, and just ahead of Illinois.

But where the rest of the top five have a solid footing in transit, Florida has lacked behind.

That might not be for long, however. All Aboard Florida, a passenger rail company, expects to spend roughly $2.4 billion on a train line that connects Miami to Orlando, according to the South Florida Business Journal. Those costs include development of real estate along the track.

The Orlando Sentinel reported that the city's expressway authority has agreed to spend $12 million to buy 200 feet of land from the Deseret Ranches along the southern edge of State Road 528.

The Sentinel said that property would be used to lay tracks for the All Aboard Florida plan, which would link the Orlando International Airport with South Florida.

Other destinations include West Palm Beach, Fort Lauderdale and Miami.

The South Florida Business Journal stated the Miami station will cost $325 million and act as a "Grand Central-like facility." The Miami station will likely have more than 1 million square feet of development.

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