Infrastructure

Attorneys representing Victorville, Calif. and its officials argued in court that SEC fraud charges in connection with a 2008 bond offering should be dismissed.

A federal permit improperly allows the Alabama Department of Transportation to begin work on the $5.4 billion “Northern Beltline” project, according to a federal lawsuit.

Moody's downgraded the Chicago Transit Authority's sales tax rating, citing escalating capital needs and an unfavorable political landscape to raise revenue as the city and state grapple with pension woes.

Arkansas plans to issue $200 million of grant anticipation and revenue bonds this week to improve its interstate highways.

Moody's Investors Service downgraded Ontario International Airport's revenue bonds to Baa1 from A3 with a stable outlook affecting $67.1 million in outstanding bonds.

The airport in Gary, Ind. tapped a team that includes Guggenheim Securities and Loop Capital to advance a plan to privatize the Chicago-area facility.

With boardings down 37%, Colorado Springs Airport plans to cut costs through bond refundings and reduced hiring.

New York MTA's $200 million in catastrophe bonds to cover storm surge risk are one example of Hurricane Sandy's effect on public finance.

An $8.2 billion water infrastructure bill passed the U.S. House of Representatives with almost unanimous support Wednesday in the first major legislation considered in Congress after the recent 16-day federal government shutdown.

Constraints on local and state governments’ ability to fund infrastructure projects provide an opportunity for Chinese investors to provide capital, goods, and services.