All Aboard Florida may abandon $1.75B of tax-free bonds, seek new financing

Posted on November 1, 2016

Click here to view full, original article by Lisa Broadt, Treasure Coast Newspapers

By: Lisa Broadt, Treasure Coast Newspapers

All Aboard Florida wants to scrap its financing plan, going after a new financial strategy that could hinder Martin and Indian River counties' fight against expansion of the passenger rail through the Treasure Coast.

In court documents made public Tuesday, All Aboard Florida revealed it wants to abandon its request for $1.75 billion of tax-exempt bonds and instead go after separate allocations of $600 million for the first phase of the project and $1.15 billion for the second phase...

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