We’re exposing truth about AAF’s play for public money

By Brent Hanlon
July 11, 2017

Brent Hanlon, Chairman of CARE FL

TC Palm

A recent guest column published by TCPalm (“Brightline project offers great potential for our region,”) repeatedly touted All Aboard Florida as a privately funded venture and accused our organization, Citizens Against Rail Expansion in Florida, of spreading misinformation. Nothing could be further from the truth.

CARE FL proudly stands by our mission to protect the safety, welfare and way of life for the families and businesses in and around our communities. We work toward accomplishing our common goal by shining light on the discrepancies between the story AAF tells and the facts public records show.

While consistently claiming to be a private venture, All Aboard Florida has sought public subsidies over and over, bouncing back and forth between whatever option is most expedient at the time. It began in 2013 with a more than $1.1 billion Railroad Rehabilitation & Improvement Financing loan, followed in 2014 by a $1.75 billion private activity bond allocation, and now in 2017, the company is crawling back to the RRIF loan again.

All Aboard Florida and those who have sipped their Kool-Aid would have you believe these do not count as taxpayer-backed subsidies. But you don’t just have to take our word for it. In August 2016, a federal court judge established that the cost of All Aboard Florida’s private activity bonds to taxpayers would be up to $600 million.

To continue reading, click on the link: http://www.tcpalm.com/story/opinion/contributors/2017/07/11/were-exposing-truth-all-aboard-florida-guest-column/467447001/