Florida loses $2.4 billion for high-speed trains

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The Obama administration has taken back the $2.4 billion allocated to Florida for high-speed trains and is inviting other states to apply for the money, Transportation Secretary Ray LaHood said Friday.

The project, which would have connected Tampa and Orlando with high-speed trains, was rejected by Florida Gov. Rick Scott, a Republican. He said he didn't want to obligate the state to pay for what could be expensive operating costs for the line.

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