#BrightLine

It’s becoming clearer by the day that Brightline, the struggling Florida private railroad, is shaping up to rank among the biggest municipal-bond restructurings ever, alongside the likes of Puerto Rico and Detroit.

An Israel-based firm has amassed a sizable stake in the corporate bonds of Florida’s Brightline rail project and is gearing up for workout talks, as the cash-strapped venture struggles under its debt pile.

The most successful American train company of the last century may have been in Atlas Shrugged.

Brightline’s ability to continue operating its Florida passenger rail service is in doubt following an audit of the company’s finances, but Brightline West is still aiming to get the planned Las Vegas to Los Angeles high-speed rail project underway.

Miami is hosting seven FIFA World Cup games, but fans will have to pay between $76 and $151 to travel by Brightline. It usually costs $24.