Sour grapes: TCPalm.com
Some good points, but is their coverage ever one-sided!
Some good points, but is their coverage ever one-sided!
Brightline trains 'all over the country'? Say what?!
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Whoa, big fella.
Let's first see if the Miami-to-Orlando project gets completed.
Toward this objective, it is critical for Brightline — originally branded All Aboard Florida — to sell $1.15 billion of tax-exempt bonds for Phase 2 (West Palm Beach to Orlando). And it must do so prior to the expiration of a rapidly approaching deadline: May 31.
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Brightline was unable to sell the bonds.
In fall 2016, the company gained federal approval to offer separate allocations: $600 million for Phase 1 (Miami to West Palm Beach) and $1.15 billion for Phase 2.
Brightline successfully completed the sale of $600 million in bonds for Phase 1, according to a letter from Brightline general counsel Myles Tobin to U.S. Rep. Mark Meadows, R-North Carolina, chairman of the House Subcommittee on Government Operations.
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The clock is ticking to sell the bonds. It remains to be seen whether Brightline can complete the current project, which was supposed to be up and running by 2016. Now, Brightline officials say trains won't be running through our region to Orlando before January 2021.
If ever.
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Next stop, Willoughby
~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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