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Passenger Trains > Florida Private Bond issue by FDFC for All Aborad FloriDate: 10/21/14 11:28 Florida Private Bond issue by FDFC for All Aborad Flori Author: Jishnu Both Miami-Dade and Brevard counties approved the necessary changes in their agreement with FDFC to enable it to issue $1.753 billion worth of private bonds for use by the AAF to build Phase II of the Miami - Orlando project between West Palm Beach and Orlando.
Here is the news about Miami-Dade: http://realtime.blog.palmbeachpost.com/2014/10/21/miami-dade-approves-all-aboard-florida-bond-issue/ Brevard passed their version of the same approval 3-2 a little after the Miami-Dade report was published. Date: 10/21/14 13:36 Re: Florida Private Bond issue by FDFC for All Aborad F Author: PERichardson Sounds like a plan. Will be interesting to see what interest rates they'll get when/if the bonds are issued. They could very well be letter of credit secured floating rate, depending on the feasibility study for the trains. At least they have a legitimate issuer and no vote of the people required to approve this type of bond. Looks like a serious project may actually get underway.
Date: 10/22/14 08:25 Re: Florida Private Bond issue by FDFC for All Aborad F Author: bluesboyst Ah....Would love to see the faces of the NIMBY's.......ALL ABOARD.....
Date: 10/22/14 08:40 Re: Florida Private Bond issue by FDFC for All Aborad F Author: Lackawanna484 bluesboyst Wrote:
------------------------------------------------------- > Ah....Would love to see the faces of the > NIMBY's.......ALL ABOARD..... It's a huge step, but it's not game over. Yet. I've got fingers crossed that this accelerates the project. |