Story by Deirdra Funcheon, Bisnow South Florida
The Department of Transportation (DOT), the Federal Railroad Administration (FRA), and AAF Holdings, (the parent company of Brightline trains) have filed their respective briefs with the U.S. Supreme Court. The briefs are in response to Indian River County’s lawsuit, which argues that the $2.1 Billion in tax-exempt private activity bonds were issued illegally. The bonds were issued to fund construction of the Miami to Orlando higher-speed passenger rail project.
Now it’s up to the Supreme Court to decide whether to hear the case. The Supreme Court accepts about 100 to 150 of the 7,000-plus cases presented to it each year.