Infrastructure

Moody's places the Massachusetts Bay Transportation Authority's senior sales tax bonds on review for possible downgrade, affecting roughly $3.8 billion in debt.

These reduced forecasts are likely to impair the ability of Pocahontas 895 to service the bank and Transportation Infrastructure Finance and Innovation Act (TIFIA) loans used to fund the road's development.

Indiana last week released its final request for proposals for the East End Crossing of the massive $2.6 billion Ohio River Bridges Project.

The transportation infrastructure funding crisis facing governments at all levels is providing a "silver lining" in finance innovation as state governments are turning increasingly to such new tactics as variable-rate fuel taxes and mileage-based user fees, according to a report released this week by the National Conference of State Legislatures.

The nine Georgia regions encompassing 113 counties could face additional funding pressure due to rejection of transportation sales tax, according to Moody's.

Vermont's $10 million bond sale will help it receive an additional $51 million in federal funding for bridge and road projects throughout the state, said State Treasurer Beth Pearce.

Chicago plans to enter the market Wednesday with the first piece of $1.2 billion of O'Hare International Airport refunding debt in a deal expected to generate double-digit savings while also streamlining the airport's lien structure. The city will sell $769 million of GARBs Wednesday and follow up later in the month with $443 million of PFCs.

Joining a lower Manhattan real-estate scramble, New York's issued a request for proposals to oversee retail space in its planned Fulton transit center.

Voters in nine of 12 districts in Georgia Tuesday rejected raising the sales tax by 1% to pay for billions in transportation improvements. In the 11-county Atlanta region, among the most congested in the state, 62.6% of voters said no.

New York's Metropolitan Transportation Authority responded angrily to Thomas DiNapoli's audit that accused the transit agency of giving Apple an inside advantage for a lease for prime retail space at Grand Central Terminal.