Video: Financing complete, All Aboard Florida to begin construction immediately

All Aboard Florida released the above video demonstrating a “typical gate crossing.” (Source: ExMiami)


From ExMiami: “Now that All Aboard Florida has successfully completed a $405 million bond sale, construction will begin immediately on the Miami-West Palm Beach line, according to a prospectus sent to institutional investors in the project obtained by the Palm Beach Post.

“The West Palm Beach to Orlando line is expected to cost $1.4 billion and will be financed separately.

“Investors in the 12% notes were granted a lien on the valuable downtown Miami land, among other covenants that make the bonds look like an ‘equity story’. Bond investors could be bought out early if the federal government grants a $1.5 billion loan to AAF.”

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