All Aboard Florida has requested $1.75B federal loan, would likely default, opponents say
Posted on July 26, 2017
By: Lisa Broadt, Treasure Coast Newspapers
It's likely "speculative start-up venture" All Aboard Florida would default on a federal loan, Treasure Coast rail opponents said Monday in a letter to the U.S. Department of Transportation.
DOT should carefully consider All Aboard Florida's risky finances before providing a loan, according to the letter written on behalf of Indian River County, Martin County and the citizen group CARE FL.
All Aboard Florida has long sought a $1.6 billion loan from the federal government to finance its Miami-to-Orlando passenger railroad…