The TC Palm: Bonds agency plans Orlando hearing, might discuss All Aboard Florida

Posted on July 10, 2015

Lisa Broadt

The Florida Development Finance Corp. has tentatively set a hearing for 2-3 p.m. July 21, during which All Aboard Florida’s request for $1.75 billion of private-activity bonds could be discussed.

According to the finance corporation’s website, the Orlando meeting would include a discussion on “ongoing issues, developing issues and other matters.” A finance corporation spokeswoman could not be reached for comment.

This is the third time the finance corporation has scheduled a meeting to potentially discuss the $3 billion passenger-rail project’s financing application.

The corporation originally was to decide on the tax-exempt bonds May 28 but canceled that meeting, citing scheduling conflicts for All Aboard Florida representatives. The finance corporation later canceled a June 10 hearing.

All Aboard Florida has said it wants to borrow the $1.75 billion to finance construction along most of its Miami-to-Orlando passenger-rail. The money would be used in five of the eight counties where all Aboard Florida would run, but not in Indian River, St. Lucie or Martin counties.

All Aboard Florida plans to have completed all construction and begin running trains through the Treasure Coast by late 2017. Eventually, it would run 16 round trips per day, the railroad has said.

The July 21 meeting, open to the public, would be held at the offices of Enterprise Florida, 800 N. Magnolia Ave., Suite 1100, Orlando.