Brightline’s CEO Grilled On Train’s Financing & Safety

From tcpalm.com’s Lisa Broadt

Congressmen on Thursday blasted Brightline for possibly circumventing federal law to obtain $1.75 billion of tax-free financing. Moreover, they suggested in a Capitol Hill hearing, financing for the Miami-to-Orlando passenger railroad could be in jeopardy.

Brightline President Patrick Goddard, meanwhile, defended the railroad’s use of private-activity bonds. Railroad opponents who continue to question the financing, he testified, are “narrow-minded,” selfish and determined to stand in the way of progress.

The hearing of the House Oversight Subcommittee on Government Operations was held at the urging of Rep. Brian Mast, R-Palm City, a vocal opponent of the railroad.

Watch the hearing:
https://www.youtube.com/watch?v=7wV1k16z4tU

Read the story here:
https://www.tcpalm.com/story/news/local/shaping-our-future/all-aboard-florida/2018/04/19/congressman-blast-u-s-representatives-criticize-brightlines-financing-strategy-question-safety-recor/529037002/