AAF/FDFC Bonding Trickery; Oh, Dear! Down to 29 Voting Days
Posted on April 16, 2017
By: Nancy Smith, Sunshine State News
A New Bond Issue for AAF? Why the Hush-Hush?
In 2015, after the U.S. Department of Transportation authorized All Aboard Florida to pursue $1.75 billion in tax-free bonds, it took the Florida Development Finance Corp. (FDFC) a record six months to crash through a mountain of red tape and get the bonds issued.
Unfortunately, the statewide financing authority isn't as johnnie-on-the-spot when asked to step out into the sunshine.
It's taken a month and a half and a kick in the backside from Sen. Debbie Mayfield for the FDFC's executive director, William Spivey, to answer Sen. Anitere Flores' letter asking about new financing for the Miami-Orlando high-speed rail service…