Florida counties file new challenges against train bonds

All Aboard Florida’s downtown West Palm Beach station will be located between S. Rosemary and S. Quadrille, east and west and between Datura Street and Evernia treet, north and south. (Source: All Aboard Florida)

From The Bond Buyer: In a court filing Monday, AAF said it is currently marketing the Private Activity Bonds with an expectation of closing in the near future. The bonds are being privately placed, and sold to accredited investors.

Last week, Martin and Indian River counties filed separate legal actions challenging conduit issuer Florida Development Finance Corp.’s Aug. 5  final approval of the bond issuance.

In the days before the new legal cases were filed, AAF attorney Eugene Stearns accused Indian River attorney Dylan Reingold and Martin attorney Michael Durham of conspiring to improperly influence the sale of the bonds.

For the complete story: http://www.bondbuyer.com/news/regionalnews/florida-counties-file-new-challenges-against-train-bonds-1083660-1.html

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