IT'S LIKELY "SPECULATIVE START-UP VENTURE" ALL ABOARD FLORIDA WOULD DEFAULT ON A FEDERAL LOAN, TREASURE COAST RAIL OPPONENTS SAID MONDAY IN IT'S LETTER TO THE U.S. DEPARTMENT OF TRANSPORTATION.
This letter asked the DOT to carefully consider AAF's risky finances before providing a loan. Originally, AAF sought a $1.6 billion loan to finance its Miami-to-Orlando passenger railroad.