After all the developments this week TCPalm's Rich Campbell summarizes where we are at with All Aboard Florida. From his piece:
All Aboard Florida is like a shape-shifting creature in a science-fiction movie: Just when the authorities seem to have the beast cornered, it morphs into another form and escapes.
The rail company, which plans to run 16 daily, round-trip passenger trains between Miami and Orlando, appears to have orchestrated a Houdini-like escape from a failed financial strategy.
This latest development is both a good news/bad news scenario for Treasure Coast residents opposed to the project. However, rail opponents have one overarching factor in their favor: It doesn't matter what type of bond-issuance plan All Aboard Florida uses, the rail company still needs to sell the bonds.
And that has proved to be an exceedingly difficult task.
Thank you Mr. Campbell for your balanced reporting. Read the entire piece at TCPalm's website.