.

Project Status Report: Brightline Cocoa Station Development

Assessment of Current Position and Forward Plan

The Brightline intercity rail stop in Cocoa, Florida, remains an officially confirmed future development in the system's expansion strategy. While local and corporate intent is established, the project is currently in the sustained phase of capital acquisition.

Confirmation and Initial Commitment

Brightline has formally designated Cocoa as a planned station location. This commitment was triggered by strong local financial support in early 2024.

• Secured Local Capital: The City of Cocoa, Brevard County, and the Space Coast TPO collectively allocated approximately $25 million toward the total project cost. This funding established the necessary local cost-share component.

• Designated Site: The station location is confirmed on Brightline-owned land, strategically positioned near the Cocoa Curve (US 1 and SR 528 interchange).

Current Development Constraint: Federal Funding

Progress has been constrained by a shortfall in securing the required federal subsidy. The total project requires an estimated $80 million in capital investment, with a significant portion pending federal allocation.

• Grant Rejection: A primary application for a large federal grant was recently denied. This outcome has resulted in an indeterminate delay to the construction schedule.

• No Cancellation: It is critical to note that the project has not been canceled. The confirmed site and the established local funds are still in place.

The Path Forward

Local stakeholders are engaged in a corrective action plan centered on re-submitting an updated grant request. The immediate focus is on re-entering the federal funding cycle to secure the necessary capital for construction to commence.

Until federal approval and final financial closure are achieved, the project timeline remains fluid. We will continue to monitor the re-application process for an update on the construction and projected service start date.