Scott PowersNovember 3, 2021
8min3318
There seems to be just one problem, a big one for some Orlando interests.
Tag: financing
Scott PowersNovember 3, 2021Scott PowersJune 4, 2018
9min1845
The next few months could go a long ways toward determining whether the privately-run, higher-speed passenger train Brightline will travel between South Florida and Orlando by 2021. With a seven-month extension granted Thursday by the federal government, All Aboard Florida now has until the end of the year to sell $1.15 billion in tax-exempt private […]
Scott PowersMay 31, 2018
7min395
The federal government has granted a seven-month extension for All Aboard Florida to sell the $1.15 billion in private equity bonds it intends to use to finance the proposed higher-speed rail expansion that could roll private Brightline passenger trains between South Florida and Orlando. The extension comes in the nick of time, as the company’s […]
Scott PowersMay 22, 2018
7min492
A bipartisan group from Florida’s congressional delegation, along with the chairman of the House Transportation Committee, are offering a counterpunch to the jab thrown in Washington D.C. by opponents of the Brightline private passenger railroad in Florida. In a letter Monday, U.S. Rep. Bill Shuster, the Pennsylvania Republican chairing the House Transportation and Infrastructure Committee, and […]
Scott PowersApril 26, 2018
6min491
Armed with newly-raised congressional skepticism about the legitimacy of a financing method used by the company, state Sen. Debbie Mayfield on Wednesday urged Gov. Rick Scott to pull Florida from the financing deal backing Brightline’s proposed private passenger railroad along the east coast. Scott’s office replied that it would review it. At issue is $1.75 billion […]
Scott PowersApril 24, 2018
4min248
U.S. Sen. Marco Rubio on Tuesday joined his congressional colleagues U.S. Republican Reps. Brian Mast and Bill Posey in questioning whether All Aboard Florida should have received $1.75 billion in federally authorized, tax-exempt private activity bonds to build its private, higher-speed railroad from South Florida to Orlando. Mast, of Palm City, and Posey, of Rockledge, led a […]
Scott PowersApril 19, 20187min419
Brightline’s use of federal tax-exempt Private Activity Bonds, to build the privately owned and operated higher-speed passenger railroad that would connect Orlando to South Florida, was sharply criticized Thursday during a congressional hearing. Brightline, also known as All Aboard Florida, is planning to use $1.5 billion worth of the federally authorized bonds to pay for […]
Jim RosicaFebruary 20, 2018
6min323
A bill that would create a financing program to bring TV and film production back to the Sunshine State cleared a Senate panel Tuesday. But with less than three weeks left in the 2018 Legislative Session, the effort could be for naught: A House companion measure has not yet been heard. The Commerce and Tourism […]
Scott PowersDecember 22, 20174min307
Brightline has secured federal approval for $1.15 billion in private activity bonds to finance its private, high-speed passenger train planned to link its South Florida passenger train railway with Orlando, the company announced Friday. The company, formerly known as All Aboard Florida, has received U.S. Department of Transportation approval for the tax-exempt bonds to double-track […]
Scott PowersDecember 18, 20172min302
All Aboard Florida canceled an emergency meeting of the Florida Development Finance Corporation set for Monday to consider backing $1.1 billion in private activity bonds for the private, high-speed passenger Brightline railroad’s South Florida to Orlando phase of construction. The company said it requested the cancellation due to the House and Senate agreeing to a tax […]