The two traded arguments at the
During the debate, Reininger argued that All Aboard would profitably link
At one point, Reininger responded to what he called a "conspiracy theory" that
"If the whole reason for spending billions were just to lower our debt and add more freight, why wouldn't the freight rail company apply directly (for federal loans)?" he asked. "The answer is freight doesn't need additional capacity."
Solari said All Aboard Florida would, indeed, be getting federal subsidies through a 5.75 percent interest on its federal loan. A commercial loan would have cost the railroad 12 percent, he said.
"Over 35 years, that difference would mean a
Solari said he has never seen an "investment-grade business plan" from Fortress or All Aboard Florida, despite making requests.
Reininger said Solari and others continue claiming they had a right to see confidential business information.
Solari said he could accept the claim of confidentiality if there were no federal funds involved.
After their presentations, Solari and Reininger answered audience questions submitted in advance. One asked Solari why he and other
Solari said he favored the project when it was billed as fully private, but not after learning it has asked for a
Even if All Aboard Florida agreed to build a station in
"(For a station), they need density, like
Reininger said All Aboard Florida must get up and running, and then study
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