Private Activity Bonds

BRIGHTLINE, DOT ARGUE AGAINST SUPREME COURT REVIEW OF BOND FINANCING

USDOT AND BRIGHTLINE ARGUE THAT U.S. SUPREME COURT SHOULD DENY INDIAN RIVER COUNTY'S REQUEST FOR A WRIT OF CERTIORARI. The county has asked the court to review a federal appeals court's December 2019 determination that the USDOT determined that the high-speed rail passenger rail project qualified for $2.7 billion in PAB financing.

County Attorney Dylan Reingold said a reply to the USDOT and AAF Holding's briefs will be filed the week of September 7. Justices are expected to convene during their September 29 conference to consider the writ request.

BATTLE OVER FLORIDA'S PRIVATE TRAIN REACHES U.S. SUPREME COURT

INDIAN RIVER COUNTY'S CASE AGAINST THE FDOT, FRA AND ALL ABOARD FLORIDA IS PASSED TO U.S. SUPREME COURT. The case revolves around the legitimacy of $2.1 billion in private activity bonds that were allocated to AAF's high-speed passenger rail service, Brightline.

Read more here.

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.