Bond Sale Fails, but ‘Work Continues’ on Brightline West

[Bob]

Report: Bond Sale Fails, but ‘Work Continues’ on Brightline West - Railway Age

Fortress Investment Group has failed to sell bonds to support its $8.4 billion Brightline West high speed rail project connecting Las Vegas and Southern California, according to BloombergQuint. But the project will go forward, a Brightline representative says.

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“I’ll confirm that we postponed our bond sale but we will continue to move our project forward,” a Brightline representative told Railway Age, of the Las Vegas-to-Southern California high speed rail line. “Our work continues.”

Fortress Investment Group has failed to sell bonds to support its $8.4 billion Brightline West high speed rail project connecting Las Vegas and Southern California, according to BloombergQuint. But the project will go forward, a Brightline representative says.