All-Aboard Florida Continues to Use System to Its Advantage


Stephen Ryan said that the All-Aboard Florida rail project, whose opponents he represents, “is blowing up its finance plan” to avoid legal challenges to its tax-exempt bonds. « We know that when All-Aboard Florida got the bonds in 2015, they failed four times to sell them, » Mr. Ryan said. « They’ve been able to sell the bonds, but the dogs are not eating the dog food. That is, the bond-buying community has looked at the project, but didn’t want to make that investment. »