All Aboard Florida (AAF) got a ruling in its favor in the sale of bonds case. US District court judge Christopher Cooper in Washington, D.C., denied the efforts of Indian River and Martin counties to temporarily block issuance of the private-activity bonds by the Florida Development Finance Corp. This decision ensures that AAF project will have bonds to finance its $1.75 billion railroad from Miami to Orlando. Cooper dismissed the allegations by the two counties for “lack of standing.”
All Aboard Florida on Wednesday got the green light to sell $1.75 billion bonds to finance its high speed passenger railroad.