Florida Development Finance Corp.

Some bondholders have retained legal counsel while others are in the dark about the company's plans.

The Bond Buyer's Deal of the Year awards will mark the 23rd year it has recognized outstanding achievement in municipal finance. The event, to be held Dec. 3 in New York City, will also include the presentation of the Freda Johnson Awards for Trailblazing Women in Public Finance.

Assured's controlling vote is "important to investors who were reassured to hear that there would be a large sophisticated party with a significant economic interest in the success of the project," the insurer said.

The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.

When set against high-profile public finance projects like American Dream and Legacy Cares, Florida's Brightline marks a rare success for investors.

Brightline is building a 168-mile extension to Orlando International Airport of its original 70-mile line connecting Miami with West Palm Beach.

Florida’s privately owned passenger train company, which halted service citing the coronavirus pandemic, is bringing $950 million of nonrated private activity bonds.

The U.S. Supreme Court denied Indian River County, Florida's request for a writ of certiorari, leaving Brightline's bond financing intact.

Briefs from the U.S. Department of Transportation and the passenger railroad argue that private activity bonds for the Florida project were allocated correctly.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

Indian River County petitioned the court to overturn its unsuccessful appeal against the U.S. Department of Transportation and the passenger train operator.

Developers say construction will continue on the 310-unit apartment complex in Gainesville, near the University of Florida, during the Chapter 11 process.

Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.

Indian River County commissioners voted to ask the U.S. Supreme Court to review its unsuccessful appeal against passenger train developer Brightline/Virgin Trains.

Indian River County won’t pursue the federal litigation further, but it will proceed with a lawsuit in state court over the use of its railroad crossings.

The U.S. Department of Transportation reasonably determined the Florida’s passenger train owners were qualified to receive private activity bond financing.

Ron DeSantis appointed new Florida Development Finance Corp. board members; a bill has been introduced to place the issuer under the auspices of another state agency.

Debbie Mayfield cites an increasing number of fatalities where Virgin Trains operates between Miami and West Palm Beach.

Through three quarters municipal bond issuers are coming to market more frequently than they did during the same period of 2018, as low rates and yields are too good to pass up and demand for muni bonds is closing in on an all-time high.

Attorneys for Indian River County, the Department of Transportation and Virgin Trains will appear before the U.S. Court of Appeals for the District of Columbia.