In a MAJOR development for Florida’s transportation infrastructure, including the Central Florida area, the passenger rail operator Brightline is set to file for Chapter 11 bankruptcy protection.
Brightline train
Brightline confirmed the news in an email, writing, “Brightline has built something truly remarkable — a world-class passenger experience with growing ridership and a service our guests love. That said, we need to right-size our balance sheet to strengthen the business for the long term. So today, entities associated with Brightline utilized Chapter 11 of the bankruptcy code to restructure the company’s debt.”
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