Infrastructure

Jay Leno, longtime comedian, TV host and car enthusiast, promoted an upcoming municipal bond deal in a video for Hollywood Burbank Airport.

From Jan. 1, 2020 through mid April of this year, borrowers using conduit issuers accounted 87% of payment defaults by number in the muni market, Municipal Market Analytics' Matt Fabian said.

The authority that runs the Dulles airport plans bond sales and public private partnerships to keep the facility competitive amid Trump administration interest.

The city council of Kansas City approved an ordinance laying the groundwork for a $1.9 billion stadium for the Kansas City Royals.

New Jersey Transit plans to announce a special FIFA ticket on Friday that could cost more than $100 for riders going to MetLife Stadium for World Cup games.

Market Intelligence analyst Jeff Lipton argues that state bond bank debt remains one of the muni market's most conservative, well-secured allocations — and makes the case for expanding bond bank models to broaden infrastructure access for smaller and underserved local borrowers and for addressing growing funding needs brought about by shifting federal priorities.

Space Florida would own the assets and lease them to Project Jaguar, Space Florida's Ron Lau said.

As Congress crafts the next surface reauthorization bill, states want to retain control over the bulk of the formula highway funds.

The state does not have the bonding capacity to independently rebuild the American Legion Bridge, the feds say. The state continues to hope for a federal grant to help cover the cost.

The Los Angeles County Metropolitan Transportation Authority sold about $900 million to refund older bonds and finance projects, including a subway extension.