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Still waiting: Senators get non-answer from FDFC on All Aboard Florida bonding

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All Aboard Florida

Still waiting. A pair of Republican lawmakers have yet to receive an adequate explanation from the Florida Development Finance Corporation about its approval of a $600 million private equity bond application for All Aboard Florida. The rail project is seeking to offer passenger service from Miami to West Palm Beach with the possibility of future service to Orlando. In 2015, the FDFC approved the issuance of $1.75 billion in bonds for All Aboard Florida, a move that led Martin and…

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FDFC silent after lawmakers question All Aboard Florida bonding process

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Two Republican lawmakers are still waiting for a response from the Florida Development Finance Corporation about its approval of a $600 million private equity bond application for All Aboard Florida. The rail project is seeking to provide passenger service from Miami to West Palm Beach and, eventually, service to Orlando. FDFC approved the issuance of $1.75 billion in bonds for All Aboard Florida back in 2015, but Martin and Indian River counties brought forward a suit alleging that the project…

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Capitol Reax: Visit Florida funding, Uber, high-speed rail

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The Senate Government Oversight and Accountability Committee voted 5-1 to approve a proposal (SB 596) that would allow telecommunications companies to put small wireless communications infrastructure in public rights-of-way. Tom Feeney, president and CEO of Associated Industries of Florida: “AIF supports legislation to bring technology of the future to Florida, allowing our communities to be a part of the smart cities revolution.  Florida’s economic environment will greatly benefit from this good legislation, allowing new technologically advanced companies to locate here…

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