Lawsuits Against AAF

NEW LAWSUIT: INDIAN RIVER COUNTY SUES VIRGIN TRAINS OVER RAIL-CROSSING MAINTENANCE

INDIAN RIVER COUNTY HAS FILED ANOTHER LAWSUIT AGAINST VIRGIN TRAINS ON WEDNESDAY. This lawsuit argues that the county should not be enforced to pay for 21 crossing improvements along the Florida East Coast Railway corridor.

Prior to the establishment of Virgin Trains USA, Indian River County had an agreement with the FEC to maintain freight crossings.

BRIGHTLINE GOES VIRGINAL. WHAT PRICE VIRGINITY?

NEW DEVELOPMENTS ARE BEING MADE AFTER BRIGHTLINE BEING PURCHASED BY VIRGIN LAST MONTH, reports David Peter Alan of the Railway Age. These developments include an IPO for stock and a possible additional station near Disney World.

BRIGHTLINE WILL PLACE UNDUE HARDSHIP ON TREASURE COAST | GUEST COLUMN

THE MARTIN COUNTY REALTORS OF THE TREASURE COAST APPLAUDS THE RECENT LEGAL ACTIONS BY MARTIN COUNTY, says Martin County REALTORS president H.B. Warren. Since the earliest stages of All Aboard Florida's plans to provide passenger rail, the Martin County Realtors organization has carefully examined the project's implications to property values and select infrastructure and expressed their concerns regarding safety, delays, diminishing waterfront home values and negatively impacting Martin County's ad valorem budget.

SENATOR MAYFIELD URGES RICK SCOTT TO 'PROTECT' STATE FROM BRIGHTLINE BOND QUESTIONS

THANK YOU TO SENATOR DEBBIE MAYFIElD WHO URGED GOVERNOR RICK SCOTT TO PULL FLORIDA FROM FINANCING THE DEAL BACKING BRIGHTLINE'S PROPOSED PRIVATE PASSENGER RAILROAD on Wednesday. This is due to the congressional hearing last week where questions were raised about whether Brightline should have been approved for the $1.75 billion in tax-exempt private activity bonds.

Watch the congressional meeting here.

SUBCOMMITEE HEARING: EXAMINING TAX-EXEMPT PRIVATE ACTIVITY BONDS FOR ALL ABOARD FLORIDA'S BRIGHTLINE PASSENGER RAIL

TUNE INTO THE SUBCOMMITTEE HIGHLIGHTING ALL ABOARD FLORIDA'S BRIGHTLINE'S TAX-EXEMPT PRIVATE ACTIVITY BONDS ON APRIL 19, 2018. The purpose of this subcommittee was to examine the use of $600 million and $1.15 billion in tax-exempt private activity bonds to support the Brightline passenger rail system project and the broad implications of this type of financing for furniture infrastructure projects.

Watch the video by going here.

INDIAN RIVER & MARTIN COUNTIES, CARE FL FILE FEDERAL LAWSUIT AGAINST THE U.S.DOT

ON FEB. 13, INDIAN RIVER COUNTY, MARTIN COUNTY AND CITIZENS AGAINST RAIL EXPANSION IN FLORIDA (CARE FL) FILED A JOIN COMPLAINT AGAINST THE U.S. DEPARTMENT OF TRANSPORTATION (USDOT) AND THE FEDERAL RAILROAD ADMINISTRATION (FRA). The complaint demonstrates that federal officials ignored or failed to consider the environmental, public safety, maritime and environmental impacts the All Aboard Florida (AAF) rail project will have on Treasure Coast communities.

Read more here.

MIAMICENTRAL STELL CONTRACTOR SUES ALL ABOARD FLORIDA, STATION ARCHITECT AMID SERVICE DELAYS

ADF INTERNATIONAL, THE STEEL CONTRACTOR ON BRIGHTLINE'S DOWNTOWN MIAMI STATION, CLAIMS ALL ABOARD FLORIDA AND MORE OWE ADF $25.8 MILLION FOR EXTRA WORK BLAMED ON ON-SITE ISSUES AND INCOMPLETE AND FAULTY PLANS THAT DIDN'T COMPLY WITH STATE REGULATIONS. ADF International was hired in 2016 by Suffolk Construction Co. Inc. to work on Brightline's private passenger rail station and one of the office buildings in the complex, according to signed agreements.

SUSAN MEHIEL - TRAIN WRECK TIMES - ALL ABOARD FLORIDA IS REALLY ALL ABOUT REAL ESTATE

Well, a couple of things have come across the transom as of late and although we were taking a hiatus from publishing the TWT, we decided that periodic updates might not be a bad idea.

Here are a couple of items of note as we continue to wait for more movement on the corporate selling of FECR and Fortress Investment Group. Following those items is important information for our entire region that is related to AAF development while not specifically a part of the war. We thought everyone should be aware of what’s happening, as we speak, in their counties along the Treasure Coast.

FLORIDA TRAIN DEVELOPER MAY SWITCH TRACKS ON FEDERAL FINANCING

All Aboard Florida and its parent company, Florida East Coast Industries, inquired in recent months about obtaining a low-interest loan to finance Brightline's train service from the U.S. Department of Transportation's Federal Railroad Administration, according to correspondence obtained by The Bond Buyer.