Private Activity Bonds

BRIGHTLINE WANTS $350M TO BUILD FIVE RAIL STATIONS IN FLORIDA

BRIGHTLINE BEGAN TALKS WITH MIAMI-DADE COUNTY TO BUILD FIVE TRAINS PLATFORMS BETWEEN MIAMI AND AVENTURA ALONGSIDE THEIR HIGH-SPEED PASSENGER RAIL TO ORLANDO. This proposed arrangement would give Miami-Dade a new rail service—a service described like Tri-Rail—with stops at Wynwood, the Design District, El Portal, North Miami and the Biscayne Bay campus of Florida International University.

Read more here.

ALL ABOARD FLORIDA: BUY ME A RAILROAD

IF YOU CAN'T CONVINCE THE PUBLIC YOU'VE GOT A GOOD IDEA, convince the politicians and let them ram it down the citizens' throats. All it takes is money.

What's $3 Million Among Friends?
According to the TC Palm/Stuart News, as little as $3 million may be all that's necessary. That's how much AAF has spent on lobbyists in Tallahassee since 2011. But, they still need some 17 permits before they can move forward. So, the budget may have to go up.

BRIGHTLINE PASSENGER COUNTS, REVENUE REMAIN WELL BELOW COMPANY'S OWN PROJECTIONS

BRIGHTLINE/VIRGIN TRAINS USA REPORT FINDS THAT 2019 PASSENGER COUNT AND REVENUES WERE FAR BELOW ITS OWN FORECASTS. Passengers count barely broke one million, less than half the count originally projected, and revenue was $22 million, less than a fifth.

COURT REJECTS INDIAN RIVER COUNTY'S CHALLENGE AGAINST BRIGHTLINE/VIRGIN TRAINS USA

THE U.S. COURT OF APPEALS REJECTED INDIAN RIVER COUNTY'S CLAIMS OF IMPROPERLY APPROVED FUNDS FOR BRIGHTLINE/VIRGIN TRAINS USA FRIDAY.

However, this is not the end to the fight.

TRAIN WRECK TIMES - GOOD NEWS AND BAD

 

 

 

TRAIN WRECK TIMES

BY SUSAN MEHIEL

GOOD NEWS AND BAD

We are pleased to report our Guest Column in the TC Palm newspapers ran today. Read the article here.

SUSAN MEHIEL'S TRAIN WRECK TIMES - MOVEMENT ON LNG AND MORE

 


Train Wreck Times

By Susan Mehiel

Movement on LNG and a CALL TO ACTION!

 

NEIGHBORHOOD ASSOCIATION JOINS THE FIGHT AGAINST VIRGIN TRAINS USA/BRIGHTLINE

THE INDIAN RIVER NEIGHBORHOOD ASSOCIATION FILED AN AMICUS BRIEF SUPPORTING INDIAN RIVER COUNTY'S APPEAL OF PABs for the privately-owned high-speed passenger rail project Virgin Trains USA, formerly Brightline.

The association argued that the U.S. Department of Transportation "misinterpreted laws in order to qualify Brightline/Virgin Trains USA for the bond financing."

Appellate Judges David S. Tatel, Patricia A. Millett and Neomi J. Rao accepted the association's brief on June 3.

VIRGIN TRAINS USA OWNER SELLS MIAMICENTRAL OFFICE BUILDINGS FOR $159M

VIRGIN TRAINS USA'S PARENT COMPANY, FLORIDA EAST COAST INDUSTRIES, SELLS OFFICE PORTION OF ITS MIAMICENTRAL STATION FOR $159.4 MILLION. This includes the ground floor retail, two office buildings and parking space, property records show. Tenants include Viacom, the Confederation of North Central America and Caribbean Association Football (CONCACAF) and Carlton Fields and Atlantic | Pacific Companies.

Read more here.

CALIFORNIA HIGH-SPEED RAIL PROJECT'S ESTIMATED COST RISES TO $79B, REPORT SAYS

ESTIMATED COSTS FOR THE CALIFORNIA HIGH-SPEED RAIL PROJECT INCREASED $2B TO A TOTAL OF $79B, according to a report by the High-Speed Rail Authority.

This project has been vehemently blasted by President Trump and other officials such as California Gov. Gavin Newsom comment that the full project "would cost too much and take too long."

The latest estimate for the high-speed rail project's completion is set for 2033.

Read more here.

BRIGHTLINE PARENTS RAISES $1.75B IN BONDS TO BUILD ORLANDO LEG

VIRGIN TRAINS USA RAISED $1.75 BILLION IN BOND SALE THIS WEEK. The Bond Buyer reported that the $1.75 billion was a portion of about $4 billion of orders that Virgin Trains received for the sale. These new bonds issues are to be used for the expansion to Orlando and to refund $600 million in bonds in 2017.

Read more here.