All Aboard Florida Opponents Demand Answers Regarding $2B Tax-Free Funding Scheme

Publish Date: 
Thursday, November 17, 2016 - 9:45am

As we reported last week, All Aboard Florida, unable to sell $1.75 billion of tax-exempt bonds as a bundle is now altering its strategy and trying to split the request into a $600 million first phase and another $1.15 billion second phase. The US Department of Transportation is expected to decide on the new financing arrangement Wednesday.

Now, some of our fellow opponents to this plan have written the state board encouraging it to abandon some of its previous practices of secret meetings and messages. Last year the group released a series of text messages between a representative of All Aboard Florida and a representative of the Florida Development Finance Corporation. See the full article from Treasure Coast Newspapers for full details.