Don't Give Up on Your Hyperloop Dreams Yet!


KEY TAKEAWAYS: 

  • Executives from Hyperloop transportation technologies visited Tampa to present their technologies to FDOT, local government officials and other entities. 
  • The technology would use pods in a vacuum-sealed tube and magnetic levitation to launch the vehicles at nearly the speed of sound. 
  • A high-speed rail to Orlando is also in talks as a way to improve traffic in the I-4 corridor. 
  • Cost is still a major concern for both parties- the Hyperloop will likely cost billions of dollars. 
  • With talk of the Rays moving to Ybor City, St. Pete is looking to redevelop the area that the current stadium is in. 
  • St. Petersburg City Council on Thursday approved its first reading of an amendment to an ordinance that would provide $115 million for projects within the Intown Redevelopment Plan, including the Tropicana Field site and parts of downtown.
  • Mayor Bob Buckhorn will lay out the city fiscal budget at a city council meeting July 19th.
  • According to documents within the agenda, the city faces a $5 million budget shortfall.



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