Orlando Real Estate

Orlando Commuter Rail 05/20/2008

May 20th, 2008 8:10 AM by David W. Welch

A couple of weeks ago I blogged about the political derailment of commuter rail. The Orlando Sentinel has a good article about it in today's issue. I recommend reading it if you want to have an idea of why things happened. To simplify it, trial lawyers did not think that being able to sue for $200 Million was enough, and protections being offered to subcontractors on the rail system limit their liabilities to $100,000 and $200,000 was limiting trial lawyers ability to be able to collect large jury awards for their potential clients future injuries in the event of a commuter rail incident. This sound like a lot of money and greedy lawyers - and it is. Of course if you look at the issue from their side, a train wreck has the potential of being much worse than those numbers could account for. However, these are very similar to the deal in South Florida's tri-rail package. Ironically, it is the South Florida legislators that derailed Central Florida's train.

www.DavidWelch.com, www.OrlandoAreaRealtor.com

Posted in:General
Posted by David W. Welch on May 20th, 2008 8:10 AM

And I thought I was the sensible one. Thanks for stteing me straight.
Posted by Jenaya on December 31st, 2011 6:40 AM


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