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Despite a financing hiccup and rising costs, construction on Brightline West s high-speed train between Southern California and Las Vegas is set to break ground in the second quarter of this year, according to a letter from the rail company to the Nevada High-Speed Rail Authority. Previous estimates had the cost of the rail at almost $5 billion, but the most recent estimates have jumped to $8 billion.
After owner Fortress Investment Group failed to sell enough bonds by a Dec. 1, 2020 deadline, Sarah Watterson, president of Brightline West affiliate DesertXpress Enterprises, said the rail company will initiate another bond sale this year and provide more equity for the project as the economy recovers from the COVID-19 pandemic. ....

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