All Aboard Florida’s Brightline: Florida passenger train owners want more time to issue private activity bonds

By Shelly Sigo, The Bond Buyer; May 18, 2018

The private owners of Florida’s Brightline-branded passenger train system have asked federal officials for more time to issue $1.15 billion of private activity bonds, as work continues on the 235-mile Miami-to-Orlando project.

When the PAB allocation was granted in December, the U.S. Department of Transportation told Brightline’s owner, All Aboard Florida, that it must sell the debt by May 31.

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