Orlando Weekly Feature - 4/25/18
On Tuesday, (4/24/19) U.S. Sen. Marco Rubio raised questions about Brightline’s intention to sell up to $1.75 billion in federally authorized, tax-exempt private activity bonds to help fund the construction of its passenger rail service connecting South Florida to Orlando.
The Republican senator joins Reps. Brian Mast, R-Palm City, and Bill Posey, R-Rockledge, in this skepticism. Mast and Posey led a congressional challenge of the appropriateness of the bonds during a hearing last week of the U.S. House Subcommittee on Government Operations.
In a letter sent to the U.S. Department of Transportation, the Republican senator stated that “it is not clear” whether Brightline’s express trains meet the federal standards to qualify for the tax-exempt, private activity bonds, which are key to the service’s ability to fund the second leg of its project: new rail lines and safety upgrades between West Palm Beach and Orlando.
Full story:
https://www.orlandoweekly.com/Blogs...ions-legitimacy-of-brightline-train-financing
On Tuesday, (4/24/19) U.S. Sen. Marco Rubio raised questions about Brightline’s intention to sell up to $1.75 billion in federally authorized, tax-exempt private activity bonds to help fund the construction of its passenger rail service connecting South Florida to Orlando.
The Republican senator joins Reps. Brian Mast, R-Palm City, and Bill Posey, R-Rockledge, in this skepticism. Mast and Posey led a congressional challenge of the appropriateness of the bonds during a hearing last week of the U.S. House Subcommittee on Government Operations.
In a letter sent to the U.S. Department of Transportation, the Republican senator stated that “it is not clear” whether Brightline’s express trains meet the federal standards to qualify for the tax-exempt, private activity bonds, which are key to the service’s ability to fund the second leg of its project: new rail lines and safety upgrades between West Palm Beach and Orlando.
Full story:
https://www.orlandoweekly.com/Blogs...ions-legitimacy-of-brightline-train-financing
