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[QUOTE]Originally posted by Gilbert B Norman: [QB] This page of the Congressional Record makes what I would call "interesting reading": https://www.congress.gov/congressional-record/2015/house-section/page/H3891 (scroll to Page H3891) Fair Use: [i][list] [*]Mr. POSEY. Mr. Chairman, All Aboard Florida was presented as a private passenger rail project that would run from Miami to Orlando, and vice versa, along Florida's east coast. The project was initially sold to the public as the first privately funded and operated passenger train. However, that story soon changed, as All Aboard Florida decided to pursue a $1.6 billion loan from the Department of Transportation. Apparently, because the loan requires a strict Environmental Impact Statement to be completed, All Aboard Florida decided to also apply for $1.75 billion in tax exempt private activity bonds from the Department of Transportation.[/i] [/list] Now I realize there is a lot of optimism regarding this initiative around here, and who knows, it just might turn a wheel (and maybe I'll still be of sound body to take a joyride, which I'll do). But it will be highly questionable that the project is, as first advertised, funded solely by the private sector. Now what will be interesting will be an authoritative answer to the question; will it be subsidized to any greater extent than is other private sector commercial transportation? Enquiring mind wants to know. [/QB][/QUOTE]
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