All Aboard seeks another bond-sale extension

 

View of miniature trains unveiled during a news conference at the future MiamiCentral station for All Aboard Florida on Nov.9, 2015, in Miami. At the event, All Aboard Florida announced the name for its rail line: Brightline. The company plans to be operational between Miami and West Palm Beach by mid-2017 with Miami to Orlando service in late 2017. (Source: The Palm Beach Post)

All Aboard Florida wants more time to sell $1.75 billion in tax-exempt bonds it plans to use to help pay for its proposed passenger train service connecting South Florida to Orlando, reports The Palm Beach Post.

The Coral Gables-based company has asked the U.S. Department of Transportation to extend a Jan. 1 deadline that federal officials set for the bond issue.

The request marks the second time All Aboard Florida has asked for an extension.

For the complete article: http://www.mypalmbeachpost.com/news/business/all-aboard-seeks-another-bond-sale-extension/npg3B/

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