County’s Efforts to Fight AAF Bonds Pay Off

County efforts to fight All Aboard Florida’s use of taxpayer subsidized bonds pay off Martin County Press Release May 10, 2017 Over two years ago, Martin and Indian River Counties filed federal lawsuits against the U.S. Department of Transportation (DOT) to stop the inappropriate use of taxpayer subsidized bonds to construct All Aboard Florida’s (AAF, […]

FDFC silent after lawmakers question All Aboard Florida bonding process

By Peter Schorsch April 13, 2017 Saint Peters Blog Two Republican lawmakers are still waiting for a response from the Florida Development Finance Corporation about its approval of a $600 million private equity bond application for All Aboard Florida. The rail project is seeking to provide passenger service from Miami to West Palm Beach and, […]

Guest column: Questions abound on All Aboard Florida rail project

By Susan Mehiel February 3, 2017 TC Palm News from the northeast: The Federal Railroad Administration is pushing to expand Amtrak’s express train service with a $120 billion plan to add tracks and cut the time from Boston to New York City by 45 minutes. Although the Acela train doesn’t cross streets at grade, the plan […]

Our view: Analysis lacking on AAF project? Clearly

TC Palm Editorial Board January 20, 2017 TC Palm Treasure Coast residents opposed to the All Aboard Florida/Brightline passenger rail project have had a nagging suspicion from the beginning. They have suspected, understandably, that state and federal agencies with some degree of oversight have been predisposed to approve the Miami-to-Orlando project. Rail opponents have questioned […]

Brightline opponents call financing plan shift a “scheme” to avoid lawsuit

By Jennifer Sorentrue December 22, 2016 Palm Beach Post Two Treasure Coast counties who filed a federal lawsuit challenging All Aboard Florida’s push to sell tax-exempt bonds to pay for its Brightline train service continue to press for access to records related to the sale. In a federal court documents filed Wednesday, attorneys for Martin […]

Letter: All Aboard Florida has dubious future ahead

By Nicholas Schaus of Vero Beach December 22, 2016 TC Palm (Letter to the Editor) All Aboard Florida’s first passenger train, Brightline, went through Vero Beach at 1 a.m. Dec. 14. There were no passengers, as it was manufactured in California and was headed south to be used on the 66-mile Palm Beach-to- Miami “phase one” of the high-speed […]

All Aboard Florida key financing information made public

By Lisa Broadt December 16, 2016 TC Palm The five brightly colored train cars and two locomotives that rolled through the Treasure Coast early Wednesday morning cost All Aboard Florida $83 million, according to financial information made public for the first time Thursday in court documents. All Aboard Florida’s total price tag for its first five trains is $415 […]

Brightline opponents want access to bond records

By Jennifer Sorentrue December 8, 2016 Palm Beach Post Two Treasure Coast counties who filed a federal lawsuit challenging All Aboard Florida’s push to sell tax-exempt bonds to pay for its Brightline train service asked a federal judge on Thursday to allow them to review bond records before deciding whether to dismiss the case. In […]

All Aboard Florida withdraws funding plan, gets federal OK for another

The shell game continues when it comes to financing for All Aboard Florida’s proposed high-speed passenger rail system. The U.S. Department of Transportation, at All Aboard Florida’s request, has rescinded its approval for $1.75 billion of tax-free bonds for the passenger railroad and instead approved $600 million for the Miami-to-West Palm Beach segment, the first […]

Judgment Sought in Florida Train’s Bond Allocation

By Shelly Sigo October 27, 2016 The Bond Buyer BRADENTON, Fla. –Two Florida counties say they have proven in federal lawsuits that the $1.75 billion private activity bond allocation for an in-state passenger train project should be vacated, according to court filings. Indian River and Martin counties filed separate motions for summary judgment Oct. 20, […]