FDFC silent after lawmakers question All Aboard Florida bonding process

Posted on April 13, 2017

By: Peter Schorsch, Saint Peters Blog

Two Republican lawmakers are still waiting for a response from the Florida Development Finance Corporation about its approval of a $600 million private equity bond application for All Aboard Florida.

The rail project is seeking to provide passenger service from Miami to West Palm Beach and, eventually, service to Orlando.

FDFC approved the issuance of $1.75 billion in bonds for All Aboard Florida back in 2015, but Martin and Indian River counties brought forward a suit alleging that the project violated the National Environmental Policy Act…

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