All Aboard Florida: State group to weigh $1.2 billion bond request for Brightline project

By Jennifer Sorentrue, Palm Beach Post; December 14, 2017

All Aboard Florida’s Brightline will ask a state financing group on Monday for permission to issue $1.15 billion in tax-exempt bonds to help pay for the construction of the second phase of its passenger-rail project connecting West Palm Beach to Orlando.

The Florida Development Finance Corp. has called an emergency meeting in Jacksonville to discuss Brightline’s request, a move that is drawing fire from opponents of the rail project who argue that the public hasn’t had enough time to review the bond issue. Opponents have also questioned why the Orlando-based finance corporation is holding the meeting two hours away in Jacksonville.

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