South Florida: Brightline wins approval to sell $600M in bonds for first phase

By Jennifer Sorentrue, Staff Writer, Palm Beach Post; October 30, 2017

All Aboard Florida’s Brightline has won approval to sell $600 million in tax-exempt bonds to help pay for the first leg of its passenger train project connecting West Palm Beach and Miami.

The Florida Development Finance Corp., a special financing unit authorized by the state Legislature to issue tax-exempt bonds to private entities, signed off on the sale on Friday.

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