All Aboard Florida receives $2B of bids for tax-free bonds


Read the full Wall Street Journal story here.

All Aboard Florida last week appeared to have raised the $600 million it sought to finance part of its passenger railroad, the Wall Street Journal reported Thursday.

The company received $2 billion in bids for the $600 million in private-activity bonds it was selling, leading to prices “a little better than we thought,” Wes Edens, chairman of Fortress Investment Group, All Aboard Florida’s parent company, told the Journal.

Brightline has said it plans to begin limited passenger service between Fort Lauderdale and West Palm Beach this month, with service between West Palm and Miami beginning early next year.

Full service through the Treasure Coast, which largely has opposed the project, and on to Orlando International Airport is still several years away, according to Brightline.

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