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
bentley@ble-t.org

http://www.ble-t.org/pr/news/headline.asp?id=68925

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