Florida NOT All AboardEast Coast, FL, United States
Nov 11, 2014
NO to Private Activity Bonds Write the Federal Dept. of Transportation today and let them know we do not believe AAF is feasible and therefore they should NOT authorize the issuance of Private Activity Bonds. Please visit our web site and send the letter today! This private company should not use our government as a conduit to fund this risky project in any way, shape or form. http://www.floridanotallaboard.net/form-letters-against-aaf/baumer-letter/ The Tampa Bay Times weighs in on the use of Private Activity Bonds and refers to them as "corporate welfare". Once again AAF will cost taxpayers! http://www.tampabay.com/opinion/editorials/editorial-crack-down-on-corporate-welfare/2107825 TAKE NOTE! THE RRIF LOAN HAS NOT BEEN WITHDRAWN. AAF'S APPLICATION FOR THE $1.6 BILLION TAXPAYER BACKED LOAN IS STILL ON THE TABLE. ********************************************************************************** Fortress Investment Group, a private equity and hedge fund manager in New York City is the ultimate owner behind the All Aboard Florida passenger rail scheme. Fortress has a history of risky investments and their stock price has declined over 60% since the company went public in 2007. Fortress stock has declined approximately 16% this year alone! To learn more about Fortress Investment Group, please visit our page dedicated to Fortress at our web site: http://www.floridanotallaboard.net/fortress-investment-group/
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