The TC Palm: All Aboard Florida facing skeptical investors with $1.75 billion bond offering

It’s been more than two months since All Aboard Florida got the OK to borrow $1.75 billion through the sale of tax-exempt bonds, yet there’s no indication that the financing is a done deal.

While railroad officials initially were optimistic that the private-activity bonds would be sold quickly and work would begin on All Aboard Florida’s second phase — from West Palm Beach to Orlando — some bond investors are raising their eyebrows at the offering, wondering if an unproven private railroad company is worth the risk.