California/Las Vegas: Virgin Trains seeking $800 million in bonds for high-speed rail project

By Mick Akers, Las Vegas Review-Journal; August 1, 2019

Virgin Trains is looking to finally get the long-talked about high-speed train project between Las Vegas and Southern California on track by applying for tax exempt bonds from the two states it will run in.

Under the name of its parent company, Florida East Coast Industries, Virgin Trains USA is seeking authorization from California authorities to sell $600 million in tax-exempt private activity bonds, according to the California State Treasurer’s Office.

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