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[QUOTE]Originally posted by Gilbert B Norman: [QB] If AAF is to initiate service, the question must be raised to what extent is it private enterprise: [URL=http://www.miamiherald.com/news/local/community/miami-dade/article100979637.html]Miami Herald[/URL] Fair Use: [i][list] [*]All Aboard Florida’s plan to operate regular passenger train service between Miami and Orlando is in jeopardy following a federal judge’s order questioning the company’s ability to borrow $1.75 billion in taxpayer-backed federal bonds to pay for the project. At the same time, in a lawsuit filed by two Florida counties looking to block the project, the judge found that the U.S. Department of Transportation (DOT) ignored federal law when it issued bonding authority for Phase II of the private rail project from Cocoa to Orlando[/i] [/list] This ostensibly private sector passenger service initiative is simply going to the inevitable public funding trough, likely quite opaque, or to the "service to begin on a date to be announced" graveyard. [/QB][/QUOTE]
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