All Aboard Florida’s Brightline gets approval for $1.15 billion in tax-free bonds for expansion to Orlando

By Lisa Broadt, Treasure Coast Newspapers, TCPalm.com; August 29, 2018

ORLANDO —  Brightline got the OK Wednesday to borrow $1.15 billion through tax-free bonds, financing that could speed the railroad’s progress into the Treasure Coast and Space Coast.

The Florida Development Finance Corp. unanimously approved the private-activity bonds, over the objections of numerous Treasure Coast officials who attended the 3½-hour meeting to protest the controversial funding.

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