[NutsOnYew]

It sinks or swims on its own.

Yep. An unaudited financial statement reviewed this month showed that Brightline has about $59K in unrestricted funds and restricted funds that will almost cover liabilities. They expected to make a $20MM profit this year, but lost $28.8MM in the first quarter with sales of about $667K. The only way they have to survive is to sell the bonds.

But, in Jerry Brown's world, this is a successful business model.

[Publius]

In the first quarter, they were only running 8 trains a day between Fort Lauderdale and West Palm Beach because they couldn't get into Miami, due to grade crossing and station readiness issues.

At the end of May they finally got into Miami. The numbers should be understood to reflect that.