MSN: Why this private passenger rail faces heavy opposition

“There’s a historical irony to these communities’ opposition to passenger rail–it was Flagler’s and other passenger trains, after all, that enabled Florida’s development in the first place. AAF’s station in Miami, in fact, will be located on the same land where Flagler’s Miami Grand Central Station once stood.” (Source: MSN)

All Aboard Florida, a subsidiary of Fortress Investment Group FIG, will soon issue $1.75 billion in bonds to help finance the construction of a passenger railroad line stretching from Orlando, Florida south to Miami. If it stays on track for a 2016 opening, AAF will be the first private passenger railroad line built in the U.S. in decades.

But the project has its detractors–a coalition of quiet communities along the route who question its safety, its impact on quality of life, and the ethics and motivation behind its financing. Based in the Treasure Coast region …

For the complete story: http://www.msn.com/en-us/money/companies/why-this-private-passenger-rail-faces-heavy-opposition/ar-AAeNnlD?li=AA4Zjn

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