Construction of LA-Las Vegas high-speed rail line delayed as bond sale postponed
(Source: Bloomberg, October 31, 2020)
LOS ANGELES — Fortress Investment Group is postponing its plan to build a train to Las Vegas from Southern California after failing to sell a record amount of unrated municipal debt to finance the speculative project, showing the limits of investor appetite amid an economic downturn.
Full story: Bloomberg
Tuesday, November 3, 2020
© 1997-2021 Brotherhood of Locomotive Engineers and Trainmen