All Aboard Florida Foes Insist Rail Project Will Lose $100 Million Annually
Citizens Against Rail Expansion in Florida (CARE FL) came out swinging at All Aboard Florida (AAF) on Wednesday, releasing a report which insists AAF will face losses of $100 million a year.
For months now, homeowners and residents in the communities CARE FL represents have repeatedly expressed their concerns about the proposed rail project and the adverse impact it will have on the communities along the way, said Bill Ward, the chairman of CARE FL. We cannot have 32 trains rumbling through our communities on a daily basis, causing gridlock on our roadways and waterways as well as creating barriers for first responders. The project not only impacts the character of our downtowns, but it will also erode the quality of life that we all enjoy.
The report insists AAF will need between $50-$73 million in tax subsidies a year to stay afloat. The report, which was done by John Friedman, a Brown University professor who worked as a White House economic adviser, can be read here.
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