THANK YOU TO SENATOR DEBBIE MAYFIElD WHO URGED GOVERNOR RICK SCOTT TO PULL FLORIDA FROM FINANCING THE DEAL BACKING BRIGHTLINE'S PROPOSED PRIVATE PASSENGER RAILROAD on Wednesday. This is due to the congressional hearing last week where questions were raised about whether Brightline should have been approved for the $1.75 billion in tax-exempt private activity bonds.
Mayfield sought to bring those questions to Scott's attention and caution him that he should do something to "protect the FDFC [Florida Development Finance Corporation] from a potentially embarrassing situation that could also jeopardize the state of Florida's reputation" for the time being. She wrote, “As I previously indicated, I respectfully request that you take action and direct the FDFC to not act as a conduit for AAF, its affiliate Brightline North Segment Borrower LLC, or any other affiliate of AAF, to sell $1.15 billion in PABs while there is an active discussion and analysis taking place at the federal level for the next 90 days.”
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