ORLANDO, Fla.--(BUSINESS WIRE)--Deseret Ranches has reached an agreement with the Orlando-Orange County Expressway Authority (OOCEA) to sell additional right of way for the State Road 528 corridor. The agreement, approved August 28 by the OOCEA board, accommodates rail tracks along the Beachline Expressway for the All Aboard Florida (AAF) passenger train, allows for the full implementation of the Beachline masterplan and kicks off long-term planning across the region.
“This development is the result of a great public/private partnership and a shared commitment to a visioning process that addresses growth across the region in a smart, strategic way”
“This development is the result of a great public/private partnership and a shared commitment to a visioning process that addresses growth across the region in a smart, strategic way,” said Erik Jacobsen, general manager for Deseret Ranches. “This agreement sets the stage for regional transportation and planning throughout this corridor and positions it for success over the next 50-plus years.”
The agreement would expand the right of way by approximately 200 feet along the south side of existing State Road 528, resulting in significant savings in capital expense for All Aboard Florida. Deseret Ranch has a long history of partnering with the region on major infrastructure developments, having conveyed the land for the existing 528 corridor in 1965.
In addition to the conveyance of the expanded right of way, the agreement also accommodates the eventual expansion of the expressway to eight lanes, freight rail, commuter rail and utilities. It also includes funding for regional transportation improvements along the Osceola Parkway extension that will promote economic development and improve mobility.
Deseret Ranches is a private, for-profit commercial ranching and agricultural enterprise based in east Central Florida on 295,000 acres that touch parts of Orange, Osceola and Brevard counties. Functioning primarily as a cattle operation since the 1950s, Deseret Ranches is a large cow/calf venture and includes a carefully-managed collection of cattle pastures, citrus groves, wetlands and woodlands. Deseret Ranches is owned by Farmland Reserve, Inc., a nonprofit corporation affiliated with The Church of Jesus Christ of Latter-day Saints.