Infrastructure

Randy Gerardes, a senior municipal bond analyst at Wells Fargo Securities, examines how a Minor League Baseball restructuring proposal that could ax dozens of teams would impact publicly funded ballparks. Hosted by Andrew Coen and Paul Burton.

The almost $350 million in bonds would pay for upgrades to the track and proposes the city of Baltimore takes over ownership of Pimlico Race Course.

Private sector involvement will fuel timely completion of a large-scale overhaul of John F. Kennedy International Airport, according to head of the multibillion-dollar modernization project.

If demand to fly declines domestically, it may affect airports' credit ratings, analysts say.

While munis are a focus in the infrastructure proposal, the likelihood of coming to fruition is debatable.

The state would issue the state trunkline fund bonds over the next four years to add and expand 122 major new projects.

House Democrats want restoration of Build America Bonds and advance refunding for municipal bonds to be key parts of their infrastructure plan.

Since the Great Recession, many states have almost doubled their reserve levels.

The city comptroller, assailing what he called a "gentrification industrial complex," proposed measures including eliminating a state tax subsidy program.

The $760 billion, 5-year plan also calls for expanding qualified private activity bonds, reinstating tax credit bonds, and more bond-friendly provisions.