All Aboard Florida, a unit of Fortress Investment Group LLC, issued $405 million of debt to help finance a high-speed railway along the state’s eastern coast over the opposition of some local residents.
When Florida Governor Rick Scott visited Miami last week, he touted his record of shrinking state debt the most in 30 years. Nearby Miami Dade College, the nation’s largest community college, prepared for another year with broken elevators and decaying buildings.
Private-equity mogul Bruce Rauner jabs his left index finger at the Chicago ballroom crowd after his victory in Illinois’s Republican primary election, vowing things will change in the debt-strapped state if voters choose him as governor in November.
When Kevin Harrison warns Alabama lawmakers about rising seawater that government scientists project will swamp the state’s bridges, ports, and highways in coming decades, he’s careful to avoid the words “climate change.” There are “naysayers about that particular topic,” says Harrison, transportation director of the South Alabama Regional Planning Commission. Instead he points to weather models showing an increase in the frequency of hurricanes and floods but sidesteps the touchy subject of what causes them.