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The executive director of the Port Authority of New York and New Jersey said an audit report that upbraided the bistate agency is an effective wakeup call.
February 28 -
Sen. Ron Wyden is pushing for the highway and transit reauthorization bill to authorize a certain amount of TRIPs — tax-credit bonds that could be used for transportation projects.
February 28 -
CHICAGO — The St. Paul Port Authority is set to issue a tender invitation in April to holders of the remaining $51.7 million of defaulted industrial revenue bonds as agreed to under a class action settlement aimed at resolving five-year-old litigation over the troubled 876 Bond Fund.
February 27 -
BRADENTON, Fla. — Alabama Gov. Robert Bentley is proposing to sell as much as $500 million of grant anticipation revenue vehicle bonds to finance upgrades to road and bridges in projects that his office would select after consulting with local leaders around the state.
February 24 -
After receiving rating upgrades from Standard & Poor's, the Maine Turnpike Authority is set for its negotiated sale on Monday of $68.8 million of Series 2012A turnpike revenue bonds and $70 million of Series 2012B revenue refunding bonds.
February 24 -
Detractors say the Port Authority of New York and New Jersey is too big and secretive, overcharges commuters, carries way too much debt, and shouldn't run point for the World Trade Center redevelopment.
February 24
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Some issuers of transit bonds are concerned that the transportation bill pending in the House might hurt their credit ratings.
February 24
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BRADENTON, Fla. — The Orlando-Orange County Expressway Authority approved an agreement with the state Wednesday to move forward with one of Florida's most expensive toll roads: the nearly $2 billion Wekiva Parkway.
February 23
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The Virginia House of Representatives has stripped language creating a statewide tolling authority from legislation proposed by Gov. Bob McDonnell, rejecting a model of road finance that has fallen out of favor in recent years but remains viable for other states, according to transportation experts.
February 23 -
The North Texas Tollway Authority is seeking two financial advisors after opening up its bidding process under new board policies.
February 23
