Publish Date:
Thursday, March 5, 2020 - 9:15am
THE ALLIANCE FOR SAFE TRAINS NONPROFIT GROUP HAS RAISED $200K IN PRIVATE MONEY. This money has been raised for Indian River County to pursue its case against the U.S. Department of Transportation and the Federal Railroad Administration.
Indian River County had previously sued the U.S. DOT and FRA for wrongly issuing $2.7B in tax-exempt bonds, but both a federal court and a federal appeals court ruled the bonds were permissable. After $3M fighting the case, the Indian River County Commission voted in January to end further appeals.
On Tuesday, the County Commission voted to proceed with the suit using the private funding provided by the nonproject group.
Read more here.
Original article was written by Deirdra Funcheon of the Bisnow.