Rail Co. Lands Leases For Central Fla. Tracks

Law360, Miami (June 26, 2013, 4:57 PM EDT) -- Florida East Coast Industries Inc.'s All Aboard Florida, a privately funded $1.5 billion passenger rail line that plans to connect Miami and Orlando, moved one step closer to reality Wednesday when Orlando's expressway authority approved the company's lease of land along a local highway.

The Orlando-Orange County Expressway Authority's board voted unanimously to approve a deal allowing All Aboard Florida Operations LLC, a private venture owned by Florida East Coast, to lease land adjacent to state Route 528, known as the Beachline Expressway, for a not...
To view the full article, register now.