All Aboard Florida (AAF) has not withdrawn the RRIF loan. Headlines in recent days indicate AAF has stopped seeking the RRIF loan but will sell bonds instead. The devil is in the details as AAF is "seeking" to sell private activity bonds (PAB's). This does not mean they have the approval to sell these bonds at this point. In fact, the Palm Beach Post reported, "if approved, it would likely be the first passenger rail project to be paid for with private activity bonds". We have to question the likelihood AAF will be approved to issue any bonds in this manner. All Aboard Florida executives requested a meeting with Florida NOT All Aboard and we agreed to meet Tuesday, Oct. 7. Mr. Michael Reininger and Mr. Hussein Cumber attended from AAF and FECI. Ms. K.C. Traylor and one of her assistants were in attendance from FNAA. Mr. Reininger, in particular, was rude and condescending at times and frankly, nothing was accomplished at this meeting. One point of interest in particular was the fact that Mr. Reininger and Mr. Cumber did not think it was acceptable for FNAA to state we do not want our tax dollars used for this extremely risky project through the use of the RRIF loan. We have our right to our opinion and AAF has a right to theirs but we have to ask, why be concerned about the RRIF loan if AAF is planning to finance this project with these private activity bonds? The RRIF loan is still on the table, please do not let newspaper headlines sway your opinion otherwise. We will continue to ask that our tax dollars not be used to front this extremely risky project until the RRIF loan is decided or withdrawn. At this point selling these PAB's is a hope for All Aboard Florida as a different form of desperately needed financing. Could it be a diversionary tactic so comments to the FRA are not directed to the fact that taxpayers are at risk of being on the hook if this extremely risky project fails? Perhaps. We still ask why is the government involved at all with financing the so-called private project. All Aboard Florida should obtain private financing for their private project. The private market will invest in projects they believe are viable. Recently the private market purchased over $400 million dollars in junk bonds at 12-12.75% interest that had to have collateral attached to sell. We believe the private market had confidence in the collateral, not in the project succeeding. Even if AAF receives approval for their latest ploy of seeking these bonds, it will cost the taxpayers because these are tax-free bonds. We pay our income taxes while the purchasers of these bonds, if paid back, will pay zero taxes on the interest earned. The Tampa Bay Times calls this "corporate welfare" that "cheats the federal treasury and enables government to give an unfair advantage to one business over another". http://www.tampabay.com/opinion/editorials/editorial-crack-down-on-corporate-welfare/2107825 Please visit www.floridanotallaboard.com for sample letters to send the FRA or send our easy one click letter to reach the FRA and many of your elected officials. Make sure you written comments are submitted by 12-3-2014. United we will change the course of AAF!