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09/15/2015 (3)
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09/15/2015 (3)
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4/16/2024 1:46:33 PM
Creation date
11/23/2015 11:55:16 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
09/15/2015
Meeting Body
Board of County Commissioners
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for a station. Brechbill owns land east of the railroad tracks in downtown Stuart and plans to <br />build a mixed-use development there. <br />"It's a shame in Martin County that it has become politically impossible to express any kind of <br />positive feelings about All Aboard Florida," Brechbill said. "Most people see this as an <br />economic disaster, but as a business person, I'm not ready to jump to that conclusion." <br />All Aboard Florida has begun construction on its Miami to West Palm Beach line with $405 <br />million of high risk bonds sold last year. But it is still waiting for financing for the West Palm <br />Beach to Orlando leg. <br />The Coral Gables -based company is hoping to get final approval for $1.75 billion in tax-exempt <br />private activity bonds to supplement or replace a $1.6 billion Federal Railroad Administration <br />loan it had previously applied for and which is still pending. <br />To make the trip from Miami to Orlando in less than three hours, All Aboard Florida has stops <br />planned only in Miami, Fort Lauderdale and West Palm Beach. <br />McDonald said at one time there may have been an appetite for a stop in Stuart, but that public <br />opinion has largely turned against the project. <br />"There has been a desire to bring train service back to the city, but we don't want 32 high-speed <br />trains buzzing through our downtown," McDonald said. "After seeing the way they work, <br />keeping us in the dark, it's very troubling." <br />Staff writer Jennifer Sorentrue contributed to this story. <br />
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