Two Republican lawmakers are still waiting for a response from the Florida Development Finance Corporation about its approval of a $600 million private equity bond application for All Aboard Florida.
FDFC approved the issuance of $1.75 billion bones for AAF back in 2015, but Martin and Indian River counties brought forward a suit alleging that the project violated the National Environmental Policy Act. Though AAF and the U.S. Department of Transportation withdrew the original bond after the ruling, the U.S. DOT provided AAF with a new $600 million bond allocation for the Miami to West Palm Beach phase of the project without starting the FDFC approval process.
Miami Sen. Anitere Flores sent a letter to FDFC Director William Spivey asking what the FDFC's role was with the approval of the new bond. Sen. Debbie Mayfield sent a letter March 30, asking the same questions.
Spivey, nor any other representative of the FDFC, has responded to the questions posed by the two lawmakers.
Read more here.
Original Article written by Peter Schorsch of Saint Peters Blog.