No, this is a total private sector operation, just like the one in Florida. 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.