Orlando Sentinel (Fla.) – The cost of Central Florida’s planned $1.2 billion commuter-rail system could go up, or project planners will have to settle for less for the money.

That was the bottom line Monday for the Florida Department of Transportation, which received no bids for work estimated at more than $158 million. Three companies expected to bid backed off about a week ago, saying FDOT’s maximum price was too low. [read more…]