Looking for even more reasons to invest in Brevard County real estate? Well, here could be yet another good one. Plans are being discussed - nothing definite yet, but talks are underway - to introduce train links between Port Canaveral and some top shopping, travel and leisure destinations, including local beaches, hotels and restaurants. Rumour has it that even Orlando International Airport could get its own rail connection with this major central Florida east coast port, although it’s the internal transport system within the Canaveral area that is being prioritised at this stage.
The train links under consideration are courtesy of American MagLev Technology Inc, who are making plans for a privately funded operation. The company has over 30 years experience of magnetic levitation engineered transport, with half a billion dollars already having been invested in MagLev research and development. Three test tracks already exist. If built, the train project could have significant benefits for property demand in the Port Canaveral area, as well as for the smoother running of the local business and leisure industries, such as The Cove recreation area on the waterfront.
The Maglev transportation system under discussion would cost an estimated minimum of $50 million, making it a very significant investment for Port Canaveral. But Port Canaveral is not the only area in Florida that looks like it could be set to enjoy the fruits of American MagLev Technology Inc’s advances. Proposals are emerging that indicate Orlando International Airport could soon be linked with Florida Mall and the Orange County Convention Center. This initiative (‘The Florida Environmental Mitigation and Mobility Initiative’) would cost nearly $400 million.
So how does it work, and what’s so special about magnetic levitation for trains?
MagLev technology works using electromagnets fixed below the train that keep it lifted from the tracks, so creating greater stability both up and down, and side to side. This makes for a smoother and quieter ride than more traditional train travel. It takes 24 electromagnets to power each train, and each of them is computer controlled with state of the art technology. Less wear and tear and reduced friction means that MagLev trains cost less to maintain making them more efficient to run. It’s technology that could also offer much greater efficiency for visitors and residents travelling in the area.
However, not everyone is a fan. The Port Authority Secretary/Treasurer at Canaveral intends to vote against the proposal, preferring the option of a wider range of transport solutions rather than just trusting one single solution. Tom Weinberg raises concerns that MagLev does not have a strong enough track record in providing a consistent and successful train service. He argues that before such cutting edge technology is introduced in Canaveral, he’d like to know it’s been tried and tested elsewhere.
Weinberg might yet have his way. Even though the proposals are on the table, there’s no certainty that Port Canaveral will have a MagLev connection. As far back as 30 years ago similar proposals were being made to introduce electromagnetic driven trains into North Brevard, but in those early days nothing more came of the idea. Even if basic agreements end up being made for the current plans, the projected timeline might still be a long way into the future. The cost of MagLev train fares might also make the project less appealing to the public.
But these are exciting times as we look to the changing landscape of North Brevard as we keep up with the challenges of modern life here in Florida. Contact us if you’re interested in buying or selling real estate in the Port Canaveral area.