Wes Edens is the owner of Milwaukee Bucks and a private investor who has another option of commuting around South Florida. Through his Bright line train service that made its first trip on May 2018, Wes Edens reduced the time it took to travel from Miami to Fort Lauderdale. Initially, it took more than one hour due to gridlocks, but the train took just thirty minutes. The train is fitted with free Wi-fi, comfortable leather seats and food services are available. The train is cheaper than hiring a cab because one-way ticket costs $10 compared with $40 if someone hires a taxi. The speed train travels at an average speed of 80 mph compared to the road where cars mostly make 34-mph.
The train is a relief even to those commuters who do not like leaving their cars behind. Wes Eden says that currently the train reaches West Palm Beach but plans to extend the service to Orlando. Brightline is a solution to congested corridors like Atlanta and Charlotte, and Houston and Dallas among others. Fortress Investment Group that Wes Edens is a partner owns the rail system, and plans are underway to build a station and extend the service to Miami covering six blocks. Real estate developers are putting up food halls, residences, and shops and are warning that there would be a drastic rise in the price of the properties along the rail system. Edens is optimistic that the rail would extend beyond Florida to St. Louis and Chicago although the trip between Chicago to Milwaukee remains unclear.
Wes Edens is an Oregon State University graduate where he acquired a Bachelor’s degree in finance. He worked in an equity fund, BlackRock Asset Investors and as the Managing Director and partner of BlackRock Financial Management Inc. Eden worked at Lehman Brothers as the Managing Director, but in 1998, he collaborated with others to start Fortress Investment Group, a $ 72 billion Company. He is the Chairman and the Chief Executive Officer of the Company whose headquarters are located in New York. The company invests in real estate, financial services, infrastructure, media, transportation, and healthcare.
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