Infrastructure

The revenue bonds, which would help finance a bigger convention center to replace the city's current facility, would be issued in the first half of 2026.

Congress needs to lift limitations on tax-exempt private activity bonds, say transportation advocates.

"We have got to keep the money coming in to transit," said Sen. Elizabeth Warren D- Mass.

The deal includes a mix of new money and refunding, with a small forward-delivery series, as the authority plows forward with capital plans.

As the Trump administration puts its stamp on dispensing infrastructure funding, proponents of P3's, PABs, federal and formula funding are squaring off against grants to state and local governments.

The Indianapolis Local Public Improvement Bond Bank priced $125 million revenue bonds, with delivery expected next week.

At a Bond Buyer conference in Atlanta, industry leaders talked about tariff turmoil, the tax-exemption, weather resiliency, infrastructure and more. 

Private investment is key to the train's future, said the CEO.

Flight delays and safety concerns at Newark Airport has pushed FAA funding levels back into the headlines as the idea of issuing user fee supported bonds to provide a non-political revenue stream comes back to life.