18th District Congressional Candidate Brian Lara opposes ‘All Aboard Florida’

Publish Date: 
Sunday, June 29, 2014 - 6:45am

TAXPAYERS MUST NOT GRANT LOAN GUARANTEES TO MULTI-BILLION DOLLAR RAILROAD

NEWS RELEASE
Thursday, June 26, 2014

TAXPAYERS MUST NOT GRANT LOAN GUARANTEES TO MULTI-BILLION DOLLAR RAILROAD

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STUART – Republican 18th District Congressional Candidate Brian Lara today released the following statement about ‘All Aboard Florida’:

“I stand with State Sen. Joe Negron in his opposition to ‘All Aboard Florida’, which he stated today at a news conference in Stuart, standing with local officials and the citizen action group ‘Florida Not All Aboard’ to raise legitimate concerns about this project.

As I said from its inception, Federal loan guarantees should not be given to this rail project.

Wealthy investors are seeking $1.5 billion in Federal loan guarantees, which means Treasure Coast taxpayers will pick up the bill when this project likely fails. Amtrak already services an Orlando to Miami line, which runs in the red every year.

Sen. Negron said, "If smart people in New York aren't willing to put money into this project that should be a clue that something is wrong.” And he’s exactly right.

Federal dollars should not be propping up a private railroad, protecting billionaire investors from an almost inevitable financial loss.”