All Aboard Florida gets more time to sell bonds

The site of All Aboard Florida’s West Palm Beach train station, which is under construction in downtown West Palm Beach, Florida on June 9, 2015. Martin County Property Appraiser’s office released a report looking at the effects of All Aboard Florida on home values. (Source: The Palm Beach Post)


From The Palm Beach Post: All Aboard Florida on Friday received a six-month extension to sell $1.75 billion in tax-exempt bonds to help pay for its express-passenger rail project between Miami and Orlando.

Officials with the U.S. Department of Transportation gave the Coral Gables-based company until Jan. 1 to sell the private activity bonds. The bonds have been at the center of federal lawsuits filed by Martin and Indian River counties challenging the rail project.

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