All Aboard Florida receives $2B of bids for tax-free bonds, Wall Street Journal reports

By Lisa Broadt, TCPalm.com; December 7, 2017

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.

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