Florida Passenger Train Project Faces New Headwinds

By Shelly Sigo, The Bond Buyer

BRADENTON, Fla. – All Aboard Florida is assuring supporters of the private passenger train project that it will move forward despite the pending sales of its owner and an affiliate.

At the same time, AAF is warning that a bill being heard by state lawmakers could jeopardize plans to expand service from West Palm Beach to Orlando and beyond.

The new developments paint a murky future for the company as it plans to finance its initial route from Miami to West Palm Beach with $600 million of tax-exempt private activity bonds granted by the U.S. Department of Transportation…