Infrastructure

The Federal Aviation Administration says a North Carolina court should decide who will operate Charlotte Douglas International Airport.

Illinois' and Indiana's plan for a proposed $1.25 billion Illiana Expressway faces a new obstacle in a stinging report that warns of the greenfield P3 toll project's financial risk to Illinois.

All three rating agencies affirmed Chicago O’Hare International Airport's general revenue credit ahead of a new-money and refunding sale for up to $900 million slated for Wednesday.

Synthetic fixed-rate debt exposure is less than 10% of overall debt at New York’s Metropolitan Transportation Authority, finance manager Patrick McCoy said.

New York's MTA should use some of its unexpected $1.9 billion in revenue to mitigate fare and toll increases, said state Comptroller Thomas DiNapoli.

But capital funding, and fare and toll hikes remain areas of concern

Chicago paid $3.5 million in fees and expenses to lawyers and other advisors on its aborted plan to privatize Midway International Airport, according to the city's Chief Financial Officer Lois Scott. She called the spending well worth it.

The Army Corps of Engineers approved Massachusetts' preferred route for the South Coast commuter rail project, for which funding is still a challenge.

Florida is preparing to sell $390 million of revenue bonds for seaport and transportation projects after getting the OK from top elected officials Sept. 24.

Chicago plans to sell up to $900 million of O'Hare International Airport general airport revenue bonds to raise new money for projects and refund older debt for savings.