Associated Press
A private company seeking to build rail service between Orlando and Miami is asking a state-authorized bond-financing board to allow it to issue $1.75 billion in tax-exempt bonds.
If Florida Development Finance Corp. board members approve the request Wednesday, it will clear a big hurdle for All Aboard Florida’s plans to build the $2.25 billion passenger rail.
Leaders from Martin, Indian River and St. Lucie counties are asking board members to reject the request during their board meeting in Orlando.
All Aboard Florida’s route passes through those counties but doesn’t stop.
Leaders there say the train creates noise, traffic and public safety concerns.
