Agency will meet to consider bonds for All Aboard Florida
Posted on June 2, 2015
The Florida Development Finance Corp. will meet June 10 in Orlando to discuss All Aboard Florida’s request for $1.75 billion of tax-exempt bonds, according to an agenda posted to the agency’s website.
The bond-validation hearing had been set for Thursday but was postponed due to “scheduling conflicts” from All Aboard Florida.
Indian River and Martin counties oppose issuance of the bonds and last week asked a federal court in Washington, D.C., to temporarily block issuance of tax-exempt funding for the $3 billion rail project.
The company plans to run 32 trains daily between Miami and Orlando by fall 2017 and says it would use the bonds for track work and equipment.
The meeting of the finance corporation — the quasi governmental agency charged with issuing the bonds — is open to the public and will take place 3-6 p.m. at the Double Tree By Hilton hotel, 60 S.Ivanhoe Blvd.
Written comments may be submitted prior to the hearing to Executive Director Bill Spivey, Florida Development Finance Corp., 800 N. Magnolia Ave., Suite 1100, Orlando.