Wes Edens, the co-owner of the Milwaukee Bucks has constructed a train line in South Florida to help alleviate the notoriously bad traffic in that area. In began operations of his first run between Miami and Fort Lauderdale this past May. While driving this distance takes 45 minutes on that extremely rare day of light traffic, it always takes just 30 minutes by train. The cost of a one-way ticket for its Smart Service coach option is just $10. Passengers can opt to upgrade to Select Service for $5 more. All seats in both coaches are equipped with free WiFi and multiple power and USB outlets. Check out Wes Edens at cnbc.com
All passengers can bring pets and bikes for free. There is also storage areas for most carry-ons. However, passengers in Smart Service must pay for drinks and snacks while for Select Service passengers they are free. Experts say that this cheap price will most likely rise much as the track lengthens. As of now, Brightline has operations going around the clock every day of the year (with abbreviated schedule during select holidays). Every train car was designed by the Rockwell Group and completely American made. Wes Edens plans to continue the line to other cities in Florida until it reaches Orlando.
After he completes the full line in Florida, Wes Edens plans to construct similar train routes in other states throughout the country that suffer from heavy traffic. In talks right now are plans to start a line from Chicago to St. Louis. Edens first entered the financial world by earning a B.A. in Finance from Oregon State University. He then immediately began working in the financial industry. After many years in several different positions, he and a number of partners co-founded the private equity firm, Fortress, in 1998. He has continued to be one of its primary leaders.
In January of this year, he and his partners sold Fortress to SoftBank Group Corp. All three of the top leadership will remain in place for the time being. Wes Edens will remain with the firm for five more years. He and partner Marc Lasry first purchased the Milwaukee Bucks in 2014.