November 2020

MIAMI-DATE MOVES FORWARD WITH MULTIMILLION-DOLLAR BRIGHTLINE DEAL

MIAMI-DADE COUNTY COMMISSION APPROVED A RESOLUTION AUTHORIZING FURTHER DISCUSSIONS WITH BRIGHTLINE, FLORIDA EAST COAST RAILWAY AND THE COUNTY to create a commuter rail on Friday. This commuter system would operate between downtown Miami and Aventura with up to eight stations. Separate deals would need to be established with Broward and Palm Beach counties.

Commissioner Salley Heyman said the resolution does not finalize financial obligations to Brightline.

BRIGHTLINE FAILS TO SELL PRIVATE ACTIVITY BOND DEAL FOR LAS VEGAS RAIL

FORTRESS INVESTMENT GROUP FAILS TO SELL PRIVATE ACTIVITY LOANS FOR A HIGH-SPEED PASSENGER BRIGHTLINE TRAIN FROM CALIFORNIA TO LAS VEGAS. Since the end of September, they had been marketing $3.2 billion before reducing the number to $2.4 billion. The project has now been postponed.