danlodish345 Posted July 21, 2017 Share Posted July 21, 2017 http://www.sun-sentinel.com/news/transportation/fl-reg-sprint-sues-brightline-20170720-story.html this is an interesting story. Sent from my Pixel XL using Tapatalk Quote Link to comment Share on other sites More sharing options...
BlueAngel Posted July 21, 2017 Share Posted July 21, 2017 Sounds like a shady company. Quote Link to comment Share on other sites More sharing options...
bretton88 Posted July 21, 2017 Share Posted July 21, 2017 Sounds like a shady company.Shady? Hardly. They're in the middle of a billion+ $ railway expansion. The issue is over how much Sprint think their share of the relocation costs are. Sent from my SM-N920P using Tapatalk Quote Link to comment Share on other sites More sharing options...
jjschind Posted July 22, 2017 Share Posted July 22, 2017 "$646,266.40" That $0.40 tho... 2 Quote Link to comment Share on other sites More sharing options...
centermedic Posted July 25, 2017 Share Posted July 25, 2017 Shady? Hardly. They're in the middle of a billion+ $ railway expansion. The issue is over how much Sprint think their share of the relocation costs are. Sent from my SM-N920P using Tapatalk Share of the relocation costs? That would be 100%. The big issue is if the amount was agreed upon prior to work being done. If not then Sprint will have to prove that the amount that they are suing for is justifiable. Quote Link to comment Share on other sites More sharing options...
danlodish345 Posted July 25, 2017 Author Share Posted July 25, 2017 Share of the relocation costs? That would be 100%. The big issue is if the amount was agreed upon prior to work being done. If not then Sprint will have to prove that the amount that they are suing for is justifiable. couldnt that cost sprint more then what the cost of relocation of their network infrastructure? Quote Link to comment Share on other sites More sharing options...
bretton88 Posted July 25, 2017 Share Posted July 25, 2017 Share of the relocation costs? That would be 100%. The big issue is if the amount was agreed upon prior to work being done. If not then Sprint will have to prove that the amount that they are suing for is justifiable.Because Sprint is not the owner of the ROW, just a leaser from AAF, AAF doesn't need to pay Sprint 100%, though a good landlord should at least provide some financial help for moving the utilities in question. Sent from my SM-N920P using Tapatalk Quote Link to comment Share on other sites More sharing options...
danlodish345 Posted July 27, 2017 Author Share Posted July 27, 2017 Because Sprint is not the owner of the ROW, just a leaser from AAF, AAF doesn't need to pay Sprint 100%, though a good landlord should at least provide some financial help for moving the utilities in question. Sent from my SM-N920P using Tapatalk So doesn't that mean the whole lawsuit is pointless? Sent from my SM-G955U using Tapatalk Quote Link to comment Share on other sites More sharing options...
jamesinclair Posted July 27, 2017 Share Posted July 27, 2017 Sounds like a shady company. Um...let's follow the money. Brightline is a higher-speed rail system under construction in Florida. It is being developed by All Aboard Florida, a wholly owned subsidiary of Florida East Coast Industries (FECI Florida East Coast Industries (FECI) is Florida’s oldest and largest commercial real estate, transportation, and infrastructure holding company. FECI was purchased in 2007 by equity funds managed by Fortress Investment Group, LLC. The private equity parent of Coral Gables-based Florida East Coast Industries is getting a new owner, which means that the Brightline Miami-to-Orlando passenger train project is as well. New York-based hedge fund Fortress Investment Group (NYSE: FIG) announced earlier this week that it has entered into an agreement to be acquired by Tokyo, Japan-based SoftBank Group Corp. https://www.bizjournals.com/southflorida/news/2017/02/16/parent-of-brightline-train-project-to-be-acquired.html Hm, Softbank, where do I know them from... 1 Quote Link to comment Share on other sites More sharing options...
bretton88 Posted July 27, 2017 Share Posted July 27, 2017 So doesn't that mean the whole lawsuit is pointless? Sent from my SM-G955U using Tapatalk There's probably a contract covering what costs each party is responsible for. The issue is probably on cost overruns, which might not be dealt with the contract. There are a number of contingencies that Sprint might feel like AAF is responsible for. So to court it goes. Sent from my SM-N920P using Tapatalk Quote Link to comment Share on other sites More sharing options...
RAvirani Posted July 27, 2017 Share Posted July 27, 2017 Um...let's follow the money. Brightline is a higher-speed rail system under construction in Florida. It is being developed by All Aboard Florida, a wholly owned subsidiary of Florida East Coast Industries (FECI Florida East Coast Industries (FECI) is Florida’s oldest and largest commercial real estate, transportation, and infrastructure holding company. FECI was purchased in 2007 by equity funds managed by Fortress Investment Group, LLC. https://www.bizjournals.com/southflorida/news/2017/02/16/parent-of-brightline-train-project-to-be-acquired.html Hm, Softbank, where do I know them from... That’s the funniest thing - oh my. 3 Quote Link to comment Share on other sites More sharing options...
danlodish345 Posted August 5, 2017 Author Share Posted August 5, 2017 That’s the funniest thing - oh my. what do you mean by funny? Quote Link to comment Share on other sites More sharing options...
Hmight Posted August 6, 2017 Share Posted August 6, 2017 what do you mean by funny? Softbank bought forttress. Quote Link to comment Share on other sites More sharing options...
danlodish345 Posted August 6, 2017 Author Share Posted August 6, 2017 Softbank bought forttress.The company that Sprint is sueing? Sent from my LG-H872 using Tapatalk Quote Link to comment Share on other sites More sharing options...
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