The project is being funded by stimulus dollars and will be the beginning, hopefully, of America's successful launch into the world of HSR.
It's a project that has been welcomed and highly anticipated. The United States has fallen behind Europe and Asia in this area of advanced transportation systems. We currently still rely on the use of the old cargo-accommodating rail lines and infrastructure for our passenger trains. Because of the worn mess of infrastructure and current system we have in place, train riding is usually seen as a secondary and often the least desirable option. It's slow, clunky, and ridden with delays.
This would all end with HSR. A new infrastructure would be built to specifically accommodate this new passenger service. Other corridors besides the one in Florida spoken about today have been identified...corridors between Seattle and Portland...Los Angeles and San Francisco...Chicago and Milwaukee...and on the east coast. The site Planetizen provides more information on this.