Scott PowersNovember 3, 2021
8min3318
There seems to be just one problem, a big one for some Orlando interests.
Tag: Private Activity bonds
Scott PowersNovember 3, 2021Scott PowersApril 24, 2019
5min571
Virgin Trains sees clear tracks now for its railroad from South Florida.
Scott PowersDecember 27, 2018
9min837
A federal judge has thrown out a lawsuit from Indian River County, clearing the way for Brightline to consider its next steps in building a higher-speed passenger railroad that could connect West Palm Beach and Orlando. “The court’s decision adds momentum to our efforts of connecting Orlando to South Florida,” Brightline spokeswoman Ali Soule said in […]
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 24, 2018
7min252
State Rep. Erin Grall is charging that an All Aboard Florida representative made “misrepresentations” in congressional testimony supporting the department’s approval of tax-exempt bonds to finance the company’s Brightline higher-speed passenger train proposal to connect Miami and Orlando. Grall, among Florida lawmakers from the Treasure Coast who are opposed to the train, sent a letter […]
Scott PowersMay 22, 20187min492
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 PowersMay 22, 2018
5min599
Contending that there are statutory problems with the federally authorized bonds All Aboard Florida intends to use to finance its Orlando Brightline train expansion, U.S. Reps. Brian Mast, Bill Posey, Ron DeSantis and Matt Gaetz are urging the federal government to suspend the authorization. At issue is $1.15 billion worth of private activity bonds that […]
Scott PowersApril 30, 20186min707
All Aboard Florida’s $1.75 billion in tax exempt private activity bonds are not only in link with the law and regulations, they’re not without precedent in federal funding of railroad projects, the company stated Monday. In a letter to U.S. Rep. Mark Meadows, chair of the U.S. House Subcommittee on Government Operations, All Aboard Florida’s […]
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 […]