AAF gets 6 month extension on bonds

Started by spuwho, June 23, 2015, 12:54:08 PM

spuwho

Per Palm Beach Post:

http://realtime.blog.palmbeachpost.com/2015/06/22/all-aboard-florida-gets-more-time-to-sell-bonds/

All Aboard Florida on Friday received a six-month extension to sell $1.75 billion in tax-exempt bonds to help pay for its express-passenger rail project between Miami and Orlando.

Officials with the U.S. Department of Transportation gave the Coral Gables-based company until Jan. 1 to sell the private activity bonds. The bonds have been at the center of federal lawsuits filed by Martin and Indian River counties challenging the rail project.