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December 2016

COUNTIES RESPOND TO AAF'S NEW FUNDING PLAN AS A 'SCHEME' AND 'WORK AROUND'

Attorneys for Martin and Indian River counties filed new documents in federal court poking holes in All Aboard Florida's new financing plan.

WITH NO BOND BUYERS CA AUTHORITY TURNS TO US DOT FOR CASH

California voters approved a $9-million bond in 2008 but due to taxpayer protections, most of those funds are not available. With no private backing, the California High-Speed Rail Authority looked for federal backing from the outgoing Obama administration – but has appeared to fail.

COUNTIES ASK COURT TO SHOW THEM THE BOND RECORDS

While federal officials claim their withdrawal of a $1.75B approval to switch to a $600M bond issue makes the opponent's' lawsuit moot the counties ask a federal judge to review the records they feel demonstrates the switch is just a shell game.

FIGHT AGAINST THE TRAIN COSTS NEARING $6M

Officials from Martin and Indian River counties have allotted $6M to fight the proposed $3.1B railroad. A federal lawsuit against the Department of Transportation has cost nearly $3M alone.