Infrastructure

Tom Prendergast and Denise Berger were hired by the engineering firm to spearhead major infrastructure needs facing the New York City region.

Of $10 billion allocated in the CARES Act, public airports can use $7.4 billion for any lawful purpose, including the payment of debt service.

The bi-state transportation agency's executive director, Rick Cotton, recovered from virus than three weeks after testing positive.

Bond-financed student housing was already facing headwinds when the COVID-19 crisis sent most tenants home.

He is maintaining his full schedule and working at home, authority officials said.

"Like all businesses, we are operating in a period of uncertainty which may last several months," Virgin Trains/Brightline President Patrick Goddard said.

The rating agency, citing severe ridership drops from COVID-19, dropped its rating to A-minus from A. It assigns a negative outlook.

The short-term funding for airports and transit agencies in stimulus bills won’t be a substitute for the stability of long term financing.

They asked for a combined $4.4 billion.

New York MTA and 10 other transit systems have cited the crippling effects of ridership drops due to COVID-19.