All Aboard Florida, a planned inter-city passenger train system that would connect downtown Miami to Orlando, could receive a crucial approval Wednesday to issue $1.75 billion in tax-exempt bonds in order to finance a 235-mile rail service.
AAF Holdings, a private subsidiary of the Coral Gables-based Florida East Coast Industries, is going before the board of a state agency in Orlando at 1 p.m. to seek permission to issue the private-activity bonds this year. The Florida Development Finance Corporation, or FDFC, issues industrial revenue bonds to private organizations.
At a crossroads: Miami-Orlando train service could get $1.75 billion boost | Miami Herald
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