Miami Today: Brightline given longer to sell bonds to expand

By: Miami Today

Brightline received a seven-month extension last week to sell $1.15 billion in tax-exempt bonds to expand the passenger train line to Orlando.

The US Department of Transportation granted the extension, noting that the extra time gives All Aboard Florida – parent of the fledgling private rail service now running between Miami and West Palm Beach – until the end of the year to sell private activity bonds…