PBPost: Brightline wins approval to sell $600M in bonds for first phase


(Source: The Palm Beach Post)

All Aboard Florida’s Brightline has won approval to sell $600 million in tax-exempt bonds to help pay for the first leg of its passenger train project connecting West Palm Beach and Miami. 

Eventually, Brightline plans to extend its service north to Orlando. That extension has faced opposition from residents on the Treasure Coast.

Brightline has unsuccessfully tried to sell $1.75 billion in tax-exempt bonds to fund its second leg between West Palm Beach and Orlando.

For the complete story: http://www.palmbeachpost.com/business/brightline-wins-approval-sell-600m-bonds-for-first-phase/Uud4WLVkHjwc354ZcYR8iM/

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