From the Palm Beach Post:
The Despite strong opposition from officials in the Treasure Coast, the board of the Florida Development Finance Corp. unanimously signed off on a $1.75 billion bond issue for the Brightline rail service.
Brightline asked the organization to approve a tax-free bond issue that will bankroll its expansion to Orlando.
During a hearing Wednesday in Orlando, proponents and opponents painted vastly different pictures of the private rail service.
Brightline Chief Executive Patrick Goddard and other supporters pitched the rail service as an economic boon and an antidote to gridlock on Florida highways.
“The bonds do not pose any risk to taxpayers,” Goddard said.
But officials from Martin and Indian River counties called the rail service a boondoggle that will spur traffic congestion and create a safety hazard.
“We know if they come through my community at 110 mph, there are going to be more fatalities,” said Peter O’Bryan, chairman of the Indian River County commission. “It’s basically a license to kill for All Aboard Florida.”
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