Feds approve seven-month extension for Brightline train bonds


From Florida Politics: 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.

With the extension, the train project continues to roll, even as opponents have heated up efforts to convince the U.S. Department of Transportation that it had made a mistake in approving the federally-authorized, tax-exempt bonds in the first place.

For the complete story: http://floridapolitics.com/archives/265052-feds-approve-six-month-extension-for-brightline-train-bonds

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