Mark Schumann

Sale of All Aboard Florida’s ‘junk’ bonds delayed

To fund the $3 billion project, All Aboard Florida is counting on $1.75 billion to be raised through the sale of tax-free bonds. Investors seem to be wondering if the "Brightline" is such a bright idea.
To fund the $3 billion project, All Aboard Florida is counting on $1.75 billion to be raised through the sale of tax-free bonds. Investors seem to be wondering if the “Brightline” is such a bright idea.

BRIAN CHAPPATTA/BLOOMBERG BUSINESS

The Florida Development Finance Corp. this week postponed a $1.75 billion unrated bond sale for All Aboard Florida, a passenger railroad backed by Fortress Investment Group LLC, that underwriters have been marketing since August. Continue reading…

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