This article pretty much sums it up. However, it is indeed a major blow to Central Florida Public Transit.
http://www.orlandosentinel.com/news/local/breakingnews/orl-sunrail-goes-down-043009,0,3858821.story
So with SunRail gone, and TriRail still in limbo, I wonder if Tampa’s LRT could be next to be hit with a series of hurdles. Of course, Tampa’s plan is nowhere near the circumstance of either SunRail or TriRail, which are totally different modes of rail compared to Tampa’s LRT, but the LRT does have some uncertainty in the way of whether voters will vote for it in 2010. We will see where this goes from here…