From The Sun-Sentinel: Originally, All Aboard Florida said it would initiate the Orlando route by the end of 2017, but that was delayed as Martin and Indian River counties filed federal lawsuits challenging the company’s ability to sell $1.75 billion in tax-exempt bonds.
The company has since announced it will pursue the bond sale in two parts — a $600 million sale to finance the South Florida phase and a second $1.15 billion sale to complete the Orlando leg.
Total cost of the project was originally announced as $2.5 billion.
To complete the route from Cocoa to Orlando, the company will have to build a new track.
That part of the project is still in the permitting stage and construction has not yet begun…