Sen. Marco Rubio challenges legitimacy of Brightline financing
Posted on April 24, 2018
By: Lisa Broadt, Treasure Coast Newspapers
Sen. Marco Rubio, R-Florida, Tuesday cast doubt on Brightline's approval for $1.75 billion of tax-exempt bonds, crucial financing for the Miami-to-Orlando passenger railroad.
Rubio's letter to Transportation Secretary Elaine Chao follows a Capitol Hill hearing last week during which congressmen blasted Brightline and the U.S. Department of Transportation — which approved the bonds — for possibly circumventing federal law and defying congressional intent regarding the financing.
Rubio's letter followed up on those themes and called for "increased transparency" on the issue.
"When federal financing mechanisms are utilized, it is critical that the utmost transparency is provided to taxpayers," Rubio wrote. Brightline "has raised questions regarding whether federal financing was appropriately used. I urge the Department of Transportation to provide clarity."…